How does estate duty in respect of property other than agricultural land function?
Estate duty in respect of property other than agricultural land functions as a tax levied on the transfer of wealth or property upon the death of an individual. It is charged on the value of the deceased's estate, excluding any agricultural land, and is intended to tax the accumulated wealth of individuals who have died, ensuring that some portion of their inheritance is paid in taxes to the government. The proceeds from this tax are typically used for public services and infrastructure development.