Inheritance laws

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Gitto
Posts: 1
Joined: Sun Oct 21, 2018 12:44 pm

Inheritance laws

Post by Gitto » Sun Oct 21, 2018 1:33 pm

Hej all

Anybody know about the possibilities of an advance of inheritance from mother to son?
Any limitations on it, and what the approx tax rate would be :shock: ?
Thanx /Paul.



Inheritance laws

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network_engineer
Posts: 858
Joined: Wed Nov 26, 2003 10:21 am

Re: Inheritance laws

Post by network_engineer » Mon Oct 22, 2018 11:12 am

Hi,

Not sure what you mean, but here are two possible options:

If you are inheriting something, then the tax calculator is here. And FWIW, any amount is too high, especially on inheritance gathered through earned incomes (product of labour). Here's the link: https://prosentti.vero.fi/Pelalaskuri/E ... overo.aspx . At the bottom, there is the Perintöverolaskuri

If you are getting some "advance of inheritance" as you say, I am not sure of that. The quickest that I can think of is as a "gift", which is also as far as I know subject to taxes! :evil: Again as far as I remember, there was a tax-free limit, was it 6000 Eur/ year from a parent to a child. (Disclaimer: I am NOT sure of this, so you need to check this).

Hope this helps.

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Keravalainen
Posts: 362
Joined: Tue Jul 07, 2009 2:00 pm
Location: Finland

Re: Inheritance laws

Post by Keravalainen » Mon Oct 22, 2018 11:24 am

Hi!
The minimum amount, where gift tax is applicable, is 5000 euros.
- The sum of all gifts within a period of 3 years must be under 5000 euros to avoid paying gift tax.

https://www.vero.fi/en/individuals/prop ... tax_amoun/
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