Inheritance tax, also called the death tax in some regions, is a levy imposed on the transfer of assets from a deceased person to their heirs. These can include property, gold, investments, or other valuable assets. In many cultures, including India, passing down wealth to the next generation is a deeply rooted tradition. Parents often transfer their hard-earned assets to their children or grandchildren to secure their financial future and preserve family legacies.
While India has abolished this tax entirely, others have maintained the tax laws to address wealth inequality or generate public revenue. You might wonder why we"re talking about it now. The topic has resurfaced recently, with some discussions around possibly reintroducing the inheritance tax in India.
In this post, we"ll discuss the details of inheritance taxes and how they work in different parts of the world.
First Published: Jul 02, 2025, 15:50
Subscribe Now