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	Tax Inheritance Tax   Property Taxation: Depreciation Taxation of Profit Adjusted Basis Home Mortgage Interest and Points Deduction   1031 EXCHANGES Capital Gains Tax Corporate Tax Corporation Dividend Tax Double Taxation European Union Savings Taxation Homeowners exemption Foreign Investment in Real Property Tax Act. Flat Tax Principles of Income Tax Income taxes Inheritance Tax Installment Sales Poll Tax Progressive Tax Property taxes California Propositions Purposes and Effects of Taxation Retirement Tax Sales Tax Sales leaseback Tariff Tax Credit, Exemption Equivalent and Tax Tax Rates Tax Treaty Direct and Indirect Taxation Value Added Tax Inheritance tax or estate tax is also known in some countries outside the United States of America as a 'death duty'. This is a form of tax imposed upon the transfer of a real estate property previously owned by a person who is now deceased and has left this to a living person or organization. Supporters of the inheritance tax argue that it should not be classified as a death tax, and instead, should simply be a tax on the transfer of wealth although it only is implemented upon the death of the estate owner. Opponents often argue that since the tax is applied to the full estate, and not merely the amount transferred, which in turn arguably increases the effective transfer tax rate. In the United States of America, the tax is imposed only on the taxable estate, which is normally less than the value of the full estate. In case an asset is left to a spouse or a charitable organization, some countries refrain from applying the tax. This type of tax is also imposed on other transfers of property made as an incident of the death of the owner, or by a transfer of property from an interstate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries.