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Estate duty |
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Estate dutyA former tax on a deceased person's estate and the forerunner of capital transfer tax which itself has been superseded by inheritance tax.Similar MatchesEstate taxEstate taxIn the US, a tax imposed by the federal government or state on the net value of a deceased person's estate after deduction of an exclusion. The net proceeds, after estate tax has been paid, pass to the beneficiaries. If the sole beneficiary is a spouse, no tax is payable. IntestateIntestateThe situation which exists when a person dies without making a will. The person is then said to have died intestate. Real estateReal estateA piece of land and whatever physical property is on it. Real estate brokerReal estate brokerAn intermediary who receives a commission for arranging and facilitating the sale of a property for a buyer or a seller. EstateEstateThe total value of a deceased person's assets.For example:Total value of property, automobile and all other possessions = £500,000Allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000Total net value of estate = £430,000 Further SuggestionsReal Estate Investment Trust (REIT)Real Estate Mortgage Investment Conduit (REMIC) Real Estate Settlement Procedures Act (RESPA) Real estate appraisal residuary estate Finite Life Real Estate Investment Trust (FREIT) Real Estate estate agent real estate investment trust Broker, Real Estate real estate broker real estate Disposition of Real Estate Statement testate |
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