Inheritance tax is a tax imposed on the transfer of assets from a deceased person to their beneficiaries. It is typically based on the value of the assets and the relationship between the deceased and the beneficiaries.

The inheritance tax rates vary depending on the country and jurisdiction. In some countries, there may be different tax rates for different asset values or different types of beneficiaries. It is important to consult with a tax advisor or the relevant tax authorities to determine the specific inheritance tax rates applicable to your situation.

The beneficiaries of an estate are generally responsible for paying the inheritance tax. However, in some cases, the estate itself may be liable for the tax before the assets are distributed to the beneficiaries. Again, it is advisable to seek professional advice to understand the specific rules and regulations in your jurisdiction.

Many countries provide exemptions or reliefs that can reduce or eliminate the inheritance tax liability. These exemptions or reliefs may be based on factors such as the value of the estate, the relationship between the deceased and the beneficiaries, or specific circumstances like charitable donations. It is important to explore these options and consult with a tax professional to take advantage of any available exemptions or reliefs.