The Taxation of InheritanceHoughton Mifflin, 1926 - 379 pages History of inheritance tax in different parts of the world, overview of the theory of inheritance tax and analysis of the UK inheritance tax system. |
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Page 5
... received by the various beneficiaries . It applied only to Roman citizens , not to the inhabitants of the provinces . Direct descendants and near relatives ( what degrees of re- lationship were included in this classification cannot be ...
... received by the various beneficiaries . It applied only to Roman citizens , not to the inhabitants of the provinces . Direct descendants and near relatives ( what degrees of re- lationship were included in this classification cannot be ...
Page 32
... received by any individual direct heir ex- ceeded $ 100,000 but was less than $ 200,000 , an additional I per cent was added to the tax paid under the estate duty ; when the share exceeded $ 200,000 , 11⁄2 per cent was added ; the ...
... received by any individual direct heir ex- ceeded $ 100,000 but was less than $ 200,000 , an additional I per cent was added to the tax paid under the estate duty ; when the share exceeded $ 200,000 , 11⁄2 per cent was added ; the ...
Page 58
... received more than 1,000,000m . for his or her share paid two and one half times the basic rate for the class ; 39 bequests to charitable or educational institutions within the Empire paid a flat 5 per cent rate . To prevent sudden ...
... received more than 1,000,000m . for his or her share paid two and one half times the basic rate for the class ; 39 bequests to charitable or educational institutions within the Empire paid a flat 5 per cent rate . To prevent sudden ...
Page 62
... received little support.50 Previously , however , a slightly progressive mutation duty , applying to landed property only , had been adopted in 1901. The direct heirs and the spouse were taxed I per cent when the succession was worth ...
... received little support.50 Previously , however , a slightly progressive mutation duty , applying to landed property only , had been adopted in 1901. The direct heirs and the spouse were taxed I per cent when the succession was worth ...
Page 67
... received by collateral relatives . Sweden's first real inheritance tax law was enacted in 1899. This act was noteworthy as being the first significant European application of bracket progression to the inherit- ance tax ( excepting the ...
... received by collateral relatives . Sweden's first real inheritance tax law was enacted in 1899. This act was noteworthy as being the first significant European application of bracket progression to the inherit- ance tax ( excepting the ...
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Common terms and phrases
additional administration adopted allowed American amount ance tax applied argument beneficiaries bequests brackets brothers and sisters capital cedent centum charitable classes contemplation of death corporations death duties decedent's deduction direct heirs direct line doctrine dollars domicile double taxation economists enacted Erbschaftssteuer escheat estate tax evasion exceeding excess executor exemption federal estate duty feudal Finance fiscal France German gift tax gifts inter vivos heritance tax income tax increased infra inheritance tax law inheritance tax statutes interest intestacy intestate intestate succession landed property legacy legislature levied Massachusetts National Tax Association non-resident decedents North Dakota paid Paragraph personal property perty principle prior wealth probate duty progressive inheritance tax progressive rates progressive tax property passing proposed real property relationship discrimination resident revenue Schanz schedule share situs Soward and Willan strangers succession duty supra surviving spouse Tax Commission taxable tion widow Wisconsin York
Popular passages
Page 112 - The right to take property by devise or descent is the creature of the law, and not a natural right .... a privilege, and therefore the authority which confers it may impose conditions upon it.
Page 314 - We do not speak of evasion, because, when the law draws a line, a case is on one side of it or the other, and if on the safe side is none the worse legally that a party has availed himself to the full of what the law permits.
Page 158 - To the extent of the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries as insurance under policies taken out by the decedent upon his own life.
Page 364 - ... including the shares of the capital stock of, or other interests in, the safe deposit company, trust company, corporation, bank or other institution...
Page 363 - No safe deposit company, trust company, corporation, bank or other institution, person or persons having in possession or under control securities, deposits, or other assets belonging to or standing in the name of a decedent who was a resident or nonresident...
Page 344 - Exceptions , , . * . , ., . ,. ,,_ and limitations. passes by any such transfer to or for the use of any father, mother, husband, wife, child, brother, sister, wife or widow of a son or the husband of a daughter...
Page 366 - An executor, administrator or trustee holding property subject to said tax shall deduct the tax therefrom or collect it from the legatee or person entitled to said property; and he shall not deliver property or a specific legacy subject to said tax until he has collected the tax thereon. An executor or administrator shall collect taxes due upon land...
Page 352 - But no such corporation or association shall be entitled to any such exemption if any officer, member or employee thereof shall receive or may be lawfully entitled to receive any pecuniary profit from the operations thereof, except reasonable compensation for services in effecting one or more of such purposes, or as proper beneficiaries of its strictly charitable purposes...
Page 347 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death...
Page 344 - ... in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power and had been bequeathed or devised by such donee by will...