How much tax do I have to pay on a succession?

Last update: 10/5/2012

Successions are subject to tax. Inheritance tax on inherited property amounts to 5% of the commercial value of the property minus the debts and expenses related to the inherited assets. The deceased’s spouse, direct blood relatives (descendants and ascendants), and his/her adopters and adoptees are exempt from paying the title deeds. Brothers and sisters of the deceased, their descendants, and his/her sons-in-law and daughters-in-law are exempt from paying the inheritance tax if they have lived in the same household with the deceased at the time of death.

Movable property received as gifts will be taxed only if its total value exceeds HKR 50 000 (approx. EUR 7 000). The inheritance tax declaration has to be submitted within 30 days after the validity of the inheritance decision.

Detailed information

How much inheritance tax?

Inheritance tax on inherited property amounts to 5% of commercial value of the property less the debts and expenses related to the inherited assets. A spouse of the deceased, direct blood relatives (descendants and ascendants), and his adopters and adoptees are exempted from paying the inheritance tax.

Brothers and sisters of the deceased, their descendant, and his sons-in-law and daughters-in-law are exempted from paying the inheritance tax if they have lived in the same household with the deceased at the time of his/her death.

Movable property received as gifts will be taxed only if its total value exceeds HKR 50,000 (ca € 7,000).
The inheritance tax declaration has to be submitted within 30 days after the validity of the inheritance decision.

Can the estate be subject to taxation in one or more Member States? Are there double taxation agreements?

Click here to find the list of double taxation agreements concluded by Croatia