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Home > QFINANCE Dictionary > Definition of IHT

Definition of

IHT

  • 1.

    abbr

    US tax paid on inherited property in some states of the United States, tax paid on property received by inheritance or legal succession, calculated according to the value of the property received

  • 2.

    abbr

    UK tax paid on estate before distribution to heirs in the United Kingdom, tax payable on wealth or property worth above a specific amount and inherited after somebody's death. The threshold introduced on April 6, 2009, was £325,000, with the estate liable for 40% tax on the excess amount.

Definitions of ’IHT’ and meaning of ’IHT’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’IHT’ and other financial terms with our online QFINANCE Financial Dictionary.

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