Death tax definition

Death tax means any tax levied by a state on account of the transfer or shifting of economic benefits in property at death, or in contemplation thereof, or intended to take effect in possession or enjoyment at or after death, whether denominated an “inheritance tax,” “transfer tax,” “succession tax,” “estate tax,” “death duty,” “death dues,” or otherwise.
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Death tax means any tax levied by a state on account of the transfer or shifting of
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Examples of Death tax in a sentence

  • Death tax paid to another state on assets also included in the Maryland estate c.

  • Death tax paid to another state on assets also included in the Maryland estate $ c.

  • Examples of direct taxes are; Income tax, Property tax, Vehicle tax, Interest tax, Expenditure tax, Death tax, Gift tax, etc.Merits • It is equitable as it is imposed on person as per the property or income.

  • Death tax paid to another state on assetsalso included in the Maryland estate $ c.

  • In response to the question of what the expert believes is an ideal exemption for the Death tax in Thailand should be, five (5) of the experts responded: Two (2) experts believes the exemption amount should be greater than 30 million baht; Two (2) experts opines the exemption amount should be between 10 million to 30 million baht; and One (1) expert thinks the exemption should be between 1 million to 10 million.

  • The mandatory nature of the agreed period must be specified in the contract as well as its nature (date of availability, date of submission for inspection or receipt, actual delivery date, etc.).

  • In this project, the detection with a PMT setting of 1% was used for result evaluation unless otherwise stated.

  • Entrants who disregard these Official Rules are not eligible to participate.

  • In response to the question of whether the Death tax will be implemented in Thailand, five (5) of the seven (7) experts responded positively.

  • The FAIR principles emphasise machine-actionability, i.e. the capacity of computational systems to find, access, interoperate, and reuse data with none or minimal human intervention.

Related to Death tax

  • input tax , in relation to a vendor, means—

  • Employment Tax means any Tax the liability or responsibility for which is allocated pursuant to the Employee Matters Agreement.

  • Employment Taxes means all fees, Taxes, social insurance payments or similar contributions to a fund of a Governmental Authority with respect to wages or other compensation of an employee or other service provider.

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession, or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property, and (b) is complementary to a sales tax.

  • Excise Tax means the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Tax or “Taxes” means any federal, state, local or foreign income, gross receipts, property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add on minimum, ad valorem, transfer or excise tax, or any other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest or penalty, imposed by any Governmental Entity.

  • Transfer Tax means any transfer, recording, registration and other fees and any similar taxes that become payable in connection with the Transactions (together with any related interest, penalties or additions to such taxes).

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Property Tax means the general property tax due and paid as set

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).