inheritance tax
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inheritance tax
A government levy imposed on the assets that a person receives through an inheritance.
Je nach Verwandtschaftsgrad fällt die Erbschaftssteuer unterschiedlich hoch aus.
Depending on the degree of relationship, the inheritance tax varies in amount.
This word is a typical German compound. It consists of 'die Erbschaft' (inheritance), the linking sound '-s-', and 'die Steuer' (tax). So the meaning is literally 'tax on an inheritance'.
Die Höhe der Erbschaftssteuer hängt vom Wert des Erbes ab.
The amount of inheritance tax depends on the value of the inheritance.
In connection with inheritance tax, the verbs 'zahlen' (to pay), 'entrichten' (to pay, more formal), or 'abführen' (to remit/pay over) are often used. When the tax becomes due, you say that it 'fällt an' (is incurred).
Für das geerbte Haus musste er eine hohe Erbschaftssteuer zahlen.
He had to pay a high inheritance tax on the house he inherited.
When naming the reason for the tax, you use the preposition 'auf' (on) with the accusative. You pay inheritance tax 'auf' (on) the inherited assets.
Die Erbschaftssteuer auf das Aktienpaket war beträchtlich.
The inheritance tax on the share package was considerable.
inheritance
'die Erbschaft' and 'die Erbschaftssteuer' are closely related, but they do not mean the same thing. 'Die Erbschaft' is the assets or property that someone receives after another person dies. 'Die Erbschaftssteuer' is the money that, under certain conditions, you have to pay to the state because you have inherited something. The words can be confused because 'Erbschaft' appears in both. In practice, the difference is clear: you receive the Erbschaft, and you pay the Erbschaftssteuer.
Vor dem Termin informiert sich Frau Wolf über die Erbschaftssteuer.
Before the appointment, Ms. Wolf gets information about inheritance tax.
Die Erbschaft besteht aus einem kleinen Haus und etwas Geld auf dem Konto.
The inheritance consists of a small house and some money in the bank account.