Meaning of Estate Duty

Estate Duty

Language - English

Tamil Word - சொத்துத்தீர்வை

A tax levied on the total value of a deceased person's estate before it is distributed to the heirs. (e.g., The estate duty was abolished in India in 1985.) While 'Estate Duty' is no longer applicable in India, it was a significant tax in the past that could impact inheritance and property transfers in Tamil Nadu. Historical land documents might contain references to estate duty payments or exemptions.