Inheritance tax

If you acquire something as a result of someone's death, tax is due in many cases. Before 1 January 2010, the legal term for this tax was inheritance tax. Afterwards, this tax is called inheritance tax. Inheritance tax rates and exemptions depend on the amount of the inheritance and the relationship the transferee has to the deceased.

Usually, after death, the tax authorities will send an inheritance tax return form to the next of kin. If this does not happen and more than the exempt amount is obtained, you are obliged to request a tax return form from the tax authorities yourself.
The tax return must be filed within eight months of the death. The possibility exists to request a postponement. It is recommended to file the tax return earlier than the aforementioned eight months. If the tax is not paid within eight months after the death, tax interest is due.

For more information on inheritance tax, please contact us. We will be happy to advise you.