Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
collateral-inheritance tax
A tax levied on the transfer of property by will or intestate succession to a person other than the spouse, a parent, or a descendant of the decedent.
inheritance tax
1 A tax imposed on a person who inherits property from another (unlike an estate tax, which is imposed on the decedent's estate). ( There is no federal inheritance tax, but some states provide for one (though it is deductible under the federal estate tax). - Also termed succession tax. Cf estate tax. 2. Loosely, an estate tax.