Sentences with phrase «death duties»

The phrase "death duties" refers to taxes that are levied on an individual's estate upon their death. Full definition
Mr Osborne told the party faithful in 2007 when he announced the policy that the inheritance tax change would benefit nine million families and ensure «only millionaires pay death duties».
The main vehicles for adding to core collections are through the generosity of the Art Fund, and the Acceptance in Lieu (AiL) scheme, which offsets the transfer of art into public ownership against death duties.
Ironically, when Turk's career as a YBA was taking off and his Sid Vicious figure was the talk of the town, Warhol's catalogue was in decline (partly precipitated by the Warhol foundation desperately undervaluing his work to avoid onerous death duties).
The proceeds of a life policy will be included in the estate for death duty (in the UK, inheritance tax) purposes.
Before it's confirmed that she might become co-manager, he verbally humiliates Mary at a family dinner, scoffing at her inexperience with crop rotation, livestock and death duties (topics he likely had no familiarity with until he assumed the estate himself).
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