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it depends on the value of the property received by the beneficiary and the relationship to the deceased.

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Q: How is the tax rate for inheritance tax determined?
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How is the tax rate inheritance tax determined?

it depends on the value of the property received by the beneficiary and the relationship to the deceased.


How is tax rate for inheritance tax determined?

it depends on the value of the property received by the beneficiary and the relationship to the deceased.


What is the Virginia STATE inheritance tax rate?

Virginia does not have an inheritance tax. But they do have an estate tax.


What is the inheritance tax rate in Missouri?

Missouri does not have an Inheritance Tax. The law was repealed as of 1981


What is inheritance tax limits?

Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.


What is the inheritance tax rate for 2012 vs. 2013?

The inheritance tax rate for 2013 has not changed from 2012.The Inheritance Tax threshold is 325,000 and will stay at that rate until 2014-15.To find out more just have a look on HM Revenue and customs website.


What is the inheritance tax for 2008?

There is no federal inheritance tax, but there is a federal estate tax. A few states have a state inheritance tax and each state sets its own tax rate. You may be seeking information about the estate tax (which taxes the value of an estate after someone has died). Be sure you know the difference.


What is the North Carolina inheritance tax rate?

North Carolina does not currently collect an estate tax at the state level. The Governor signed a bill on July 23, 2013 repealing the estate tax retroactive to January 1, 2013.


What is the federal tax imposed on inheritance?

Inheritance tax is imposed on individuals who receive property from someone who has died. The amount of tax is determined by the appraised value of the property and the recipient's relationship to the deceased. Currently there are 10 states that also impose a "death tax". See info at links


Does Minnesota have an inheritance tax?

No. Minnesota does not have an inheritance tax.


Is there inheritance tax for 2010?

there is no inheritance tax in 2010


What is the current inheritance tax rate?

For 2011, the federal estate tax exemption will be $5 million and the estate tax rate for estates valued over this amount will be 35%. The estate tax has also become unified with federal gift and generation-skipping transfer taxes such that in 2011 the lifetime gift tax exemption and generation-skipping transfer tax exemption will be $5 million each and the tax rate for both of these taxes will also be 35%. There is NO federal level inheritance tax.