Also known as: estate taxes
Real estate is identified as a significant asset that can trigger estate tax liabilities upon transfer to heirs [1], [2], and it is specifically noted as a type of U.S.-sourced asset subject to U.S. estate tax for Canadian residents [3]. — 3 supporting facts
The U.S. is the sovereign entity that imposes and regulates the estate tax, as established by the Revenue Act of 1916 [1] and defined as a levy on inheritances within the country [2]. Various legislative reforms and historical measurements {fact:1, fact:5, fact:7, fact:8, fact:9} further detail the specific application and evolution of this tax policy within the United States.
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