A change in ownership of property twice within a limited period; frequently attributive designating a measure of relief from a part of inheritance tax (previously capital transfer tax and estate duty) in such an eventuality.
Origin
Early 20th century; earliest use found in Acts of Parliament.
Definition of quick succession in US English:
quick succession
noun
Law
A change in ownership of property twice within a limited period; frequently attributive designating a measure of relief from a part of inheritance tax (previously capital transfer tax and estate duty) in such an eventuality.
Origin
Early 20th century; earliest use found in Acts of Parliament.