Inheritance-tax sentence example
The state revenue is derived mainly from a general property tax, licence taxes levied on various businesses and occupations, a collateral inheritance tax and a capitation tax.
The chief sources of revenue for the state are a corporation tax, a collateral inheritance tax (1904) and a licence tax.
Other principal sources of income are excise taxes, a general property tax, an inheritance tax and a tax on insurance premiums. For the fiscal year ending June 1909 the net income of the insular government was $3,180,111.75 and the net bonded indebtedness was $3,759,231.22.
Inscriptions testify to its importance - among others one which indicates that it was the headquarters of the collectors of the 5% inheritance tax under the Empire in Italy beyond the Po.
The taxing system of Iowa embraces a general property tax, corporation taxes (imposed on the franchises or on either the capital stock or the stock in the hands of shareholders), taxes on certain businesses and a collateral inheritance tax.Advertisement
The revenue for state, county and municipal purposes is derived principally from a general property tax, a privilege tax levied on the gross receipts of express companies and private car companies, an inheritance tax and licence fees for the sale of intoxicating liquors.
An inheritance tax was adopted in 1905 which progresses in proportion to the distance of relationship and the amount of the inheritance.'
Thus an inheritance tax was first adopted by Pennsylvania in 1826, yet sixty years later only two states were taxing collateral inheritances.
The revenue of the state is derived almost wholly from taxes, about 87% from a direct or general property tax and the rest from various specific or indirect taxes, such as the liquor tax and the inheritance tax.
The expenses of the state government are met chiefly by special taxes on railway and canal corporations, a franchise tax on the capital stock of other corporations, a collateral inheritance tax and leases of riparian lands.Advertisement
An inheritance tax is levied on all bequests in excess of $500 to persons other than specially excepted classes; and in 1907 the receipts from the " collateral inheritance tax " were $241,480.
The chief sources of the state's revenue are a general property tax and taxes on the franchises of corporations, especially those of railway and insurance companies and savings banks; among the smaller sources are licences or fees, a poll tax, and a collateral inheritance tax.
Estates exceeding $10,000 pay an inheritance tax of 5% on the excess.
Revenue for state purposes is derived principally from taxes on corporations, from an inheritance tax and from departmental and institutional fees and charges; that for counties, towns, villages and cities from a general property tax.
Such trusts will now be immediately chargeable to inheritance tax.Advertisement
The Verdict McCutcheon on Inheritance Tax is comprehensive in its coverage of IHT and yet concise in its commentary.
The Daily Express has launched a major crusade to end the loathed inheritance tax grave robbery of middle Britain.
There is no statutory definition of the term for the purposes of inheritance tax.
Releasing equity from your property through an equity release scheme will reduce its value for inheritance tax purposes.
Nevada has no business income tax, corporate shares taxes, state corporation tax, franchise tax, or inheritance tax.Advertisement
We want Mr Brown to abolish inheritance tax outright.
Settled property This leaflet explains how we charge inheritance tax on assets which are included in a settlement.
If you are responsible for delivering an inheritance tax account this leaflet explains how and why we seek penalties.
What is the current inheritance tax nil rate band?
If the funds had passed to the estate of the divorced spouse, the ultimate inheritance tax liability could have been 40 per cent.Advertisement
There is no inheritance tax payable on assets left to spouses.
Revenue for state, county and municipal purposes is derived principally from taxes on real estate, tangible personal property, incomes in excess of $1000, wills and administrations, deeds, seals, lawsuits, banks, trust and security companies, insurance companies, express companies, railway and canal corporations, sleeping-car, parlour-car and dining-car companies, telegraph and telephone companies, franchise taxes, poll taxes, an inheritance tax and taxes on various business and professional licences.