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 ?
Thanx /Paul.
Inheritance laws
- network_engineer
- Posts: 858
- Joined: Wed Nov 26, 2003 10:21 am
Re: Inheritance laws
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! 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.
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! 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.
- Keravalainen
- Posts: 362
- Joined: Tue Jul 07, 2009 2:00 pm
- Location: Finland
Re: Inheritance laws
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/
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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- Posts: 1439
- Joined: Sun Nov 08, 2009 8:52 pm