Explain estate duty briefly

1.	Explain estate duty briefly
Answer» Answer : ⬇ ✔✔ ⬇ *ESTATE* *duty* : A former death duty levied on property from 1889.it was replaced in 1975 by capital transfer tax and in 1986 by inheritance tax. The federal estate tax is tax on property ( Cash , real estate, stock or other ASSETS ) transferred from DECEASED persons to their heirs. An heritance tax is a tax paid by a person who inherits money or property of a person who has DIED , whereas an estate tax is a levy on the estate of a person who has died. __________________________ HOPE THIS HELPS YOU! ! PLZ. . Mark me as brain list! !

Answer»

Answer :

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ESTATE duty :

A former death duty levied on property from 1889.it was replaced in 1975 by capital transfer tax and in 1986 by inheritance tax.

The federal estate tax is tax on property ( Cash , real estate, stock or other ASSETS ) transferred from DECEASED persons to their heirs.

An heritance tax is a tax paid by a person who inherits money or property of a person who has DIED , whereas an estate tax is a levy on the estate of a person who has died.

__________________________

HOPE THIS HELPS YOU! !

PLZ. . Mark me as brain list! !

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