Abstract: It is both necessary and feasible for the taxation of legacy in China. Legacy taxation requires perfect legacy tax law, comprehensive and systematical tax program to safeguard taxation effectiveness. The framework of legacy tax draft and its revised edition are basically completed, the design of pattern of tax system, subject of taxation, and object of taxation are both scientific and reasonable. But the feasibility of rules of tax threshold, tax rate, and tax exemption is not satisfied, which requires further argumentation.