What kind of tax is levied on a person receiving a bequest?

Inheritance tax is specifically designed to be levied on the value of an estate or bequest that is passed on to an heir after someone dies. This type of tax is paid by the beneficiary on the amount received from the deceased person's estate. The key distinction of inheritance tax is that it is imposed on individuals who receive assets, making it relevant only to those who inherit property or funds.

In contrast, other taxes such as property tax are assessed on real estate owners based on property value, income tax applies to earnings received on a regular basis during a person's lifetime, and sales tax is applied to the purchase of goods and services. Therefore, inheritance tax stands out as the applicable tax on the transfer of wealth resulting from an individual's death, which is why it is the correct answer in this context.