What is the difference between an inheritance tax and an estate tax?
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Studied at the University of Tokyo, Lives in Tokyo, Japan.
The key difference between estate and inheritance taxes lies in who is responsible for paying it. An estate tax is levied on the total value of a deceased person's money and property and is paid out of the decedent's assets before any distribution to beneficiaries.
2023-05-10 23:43:31
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Emma Johnson
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The key difference between estate and inheritance taxes lies in who is responsible for paying it. An estate tax is levied on the total value of a deceased person's money and property and is paid out of the decedent's assets before any distribution to beneficiaries.