Tax Terms

Estate Tax

Definition

What is Estate Tax?

Tax that may apply to a deceased person's estate, depending on jurisdiction.

Example in practice

The executor estimates estate-tax obligations before distributing assets.

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Tax deducted at source from specified income payments before the recipient receives the balance.

Tax that may apply to gains from disposing of qualifying assets.

A public authority responsible for administering and collecting taxes.

The possibility of loss because broad market prices or rates move against an investment.

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