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An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an estate tax and an inheritance tax—an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the estate's beneficiaries. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. For historical reasons, the term death duty is still used colloquially (though not legally) in the UK and some
Commonwealth A commonwealth is a traditional English term for a political community founded for the common good. Historically, it has been synonymous with "republic". The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the ...
countries. For political, statutory and other reasons, the term death tax is sometimes used to refer to
estate tax in the United States The estate tax in the United States is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers ...
.


Varieties of inheritance and estate taxes

* Belgium, droits de succession or erfbelasting (Inheritance tax). Collected at the federal level but distributed to the regional level. *
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:
stamp duty Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). A physical revenu ...
* Brazil: Imposto sobre Transmissão "Causa Mortis" e Doação de Quaisquer Bens ou Direitos (Tax on Causa Mortis Transmission and as Donation of any Property and Rights). Collected at the state level. Brazilian States can charge progressive rates for the ITCMD, increasing the rate according to the amount donated or inherited, however, the Brazilian Senate limited the maximum rate to 8%. * Czech Republic: daň dědická (Inheritance tax) * Denmark: Boafgift (estate duty). Collected at state level. Different rates depending on the relation to the deceased. Spouse: 0%. Children: 15%. Other relatives: 15% of the estate sum + additional 25% of the individual sum. The estate duty is calculated on the sum of the estate after deducting a free allowance on the estate (289,000 DKK in 2018). * Finland: ''perintövero'' (Finnish) or ''arvsskatt'' (Swedish) (Inheritance tax) is a state tax. Inheritance to the close family is tax free up to the worth of €20,000, and increasing from there via several steps (for instance, being 13% for €60,000 - €200,000 ) to the maximum of 19% that must be paid for the portion of the inheritance that exceeds one million euros. Taxation is more severe in case of remote relatives or those with no family connection at all (19-33%). * France: ''droits de succession'' (Inheritance tax). Inheritance to the close family is tax free up to the worth of €100,000, and increasing from there via several steps to the maximum of 45% that must be paid for the portion of the inheritance that exceeds 1.8 million euros. Taxation is more severe in case of remote relatives or those with no family connection at all (55-60%). * Germany: ''Erbschaftsteuer'' (Inheritance tax). Smaller bequests are exempt, i.e€., 20,000 - €500,000 depending on the family relation between the deceased and the beneficiary. Bequests larger than these values are taxed from 7% to 50%, depending on the family relationship between the deceased and the beneficiary and the size of the taxable amount * Ghana: Inheritance tax on intangible assets * Ireland: Inheritance tax (''Cáin Oidhreachta'') * Italy: tassa di successione (Inheritance tax). Abolished in 2001 and reestablished in 2006. 1,000,000 exemption on a bequest to a spouse or child, and a maximum rate of 8%. * Japan: souzokuzei 相続税 (Inheritance tax) paid as a national tax (between 10 and 55% after an exemption of ¥30 million + ¥6 million per heir is deducted from the estate) * Korea: sangsoksae (inheritance tax) paid as a national tax (between 10 and 50% taxes on inheritance when deceased, and gift taxes are also taxable on property and/or stock received by heir or child). After Samsung Group titan Lee Kun Hee chairman's death in year 2020, his heirs are facing a $10 billion inheritance tax bill. (50% taxable amount) * Latvia: inheritance tax (mantojuma nodoklis) for 2 people if 1) they are not related: 7.5% and additional 7.5% if it is an estate; 2) if they are related and they lived together: 0.25% and additional 0.25% if estate; 3) if they are related and they didn't live together: 0.5% and additional 0.5% if estate * Netherlands: Successierecht (Inheritance tax) NB. as per 1 January 2010 Successierecht has been abolished for the erfbelasting regime, and is replaced with Erfbelasting with rates from 10% to 40% for brackets by amounts and separation. Sizeable exemptions are given based on separation. As an example, in 2019, these exemptions roughly equalled EUR 651k for partners, EUR 20k for children, EUR 2k for grandchildren and 40k for parents. * Poland: inheritance and gift tax (state tax) applies to the estate, however, close family members can benefit from the inheritance tax exemption provided that the tax office is notified about the inheritance acquisition within a statutory deadline. * Switzerland has no national inheritance tax. Some
canton Canton may refer to: Administrative division terminology * Canton (administrative division), territorial/administrative division in some countries, notably Switzerland * Township (Canada), known as ''canton'' in Canadian French Arts and ente ...
s impose estate taxes or inheritance taxes. * United Kingdom: see
inheritance tax (United Kingdom) In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing Capital Transfer Tax. History Prior to the introduction of Estate Duty by the Finance Act 1894, there was a complex system o ...
(actually an estate tax) * United States: see
estate tax in the United States The estate tax in the United States is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers ...
* Spain: Impuesto sobre Sucesiones (Inheritance Tax). The amendment of Spanish law has been put into practice, in compliance with the European Court ruling of September 3 of last year, and on December 31, 2014, Order HAP/2488/2014, of December 29, was published in the Official State Bulletin, which approves the Inheritance and Gift Tax self-assessment forms 650, 651, and establishes the place, form and term for its submission. Some jurisdictions formerly had estate or inheritance taxes, but have abolished them: * Australia abolished the federal estate tax in 1979, and Australian State inheritance taxes (called death duties) were abolished between 1978 and 1982. In 1985,
capital gains tax A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a c ...
was introduced to tax capital gains on disposal of all assets. But as death is not treated as a disposal, it is only if and when assets are sold after death that capital gains tax is payable. A significant exemption from capital gains tax is the family home, which is exempt from tax if sold within 2 years of death. *
Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous c ...
abolished the Erbschaftssteuer in 2008. This tax had some of the features of the gift tax, which was abolished at the same time * Canada: abolished inheritance tax in 1972. However, capital gains are 50% taxable and added to all other income of the deceased on their final return. * Hong Kong: abolished estate duty in 2006 for all deaths occurring on or after 11 February 2006. (See
Estate Duty Ordinance Cap.111 The Estate Duty Ordinance is one of Hong Kong ordinances. It regulates the HK estate duty which was a tax imposed on capital asset A capital asset is defined as property of any kind held by an assessee, whether connected with their business or ...
) * India: had an estate tax from 1953 to 1985 * Israel: abolished inheritance tax in 1981, but inherited assets are subject to a 20% to 45% capital gains tax upon their sale * Kenya: abolished estate duty tax by virtue of the Estate Duty (Abolition) Act No. 10 of 1982 * Malaysia * New Zealand abolished estate duty in 1992 * Norway: abolished inheritance tax in 2014 *
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eight ...
"abolished" "inheritance tax" in 2006, but have "fee" with rates of 0,3% but no more than 100 000 rubles and 0,6% but no more than 1 000 000 rubles. * Singapore: abolished estate tax in 2008, for deaths occurring on or after 15 February 2008. * Sweden
a unanimous riksdag abolished the inheritance tax in 2004
A
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decision exempted deaths during late December 2004 from inheritance tax, due to the many Swedish casualties in the
2004 Indian Ocean earthquake An earthquake and a tsunami, known as the Boxing Day Tsunami and, by the scientific community, the Sumatra–Andaman earthquake, occurred at 07:58:53 local time (UTC+7) on 26 December 2004, with an epicentre off the west coast of northern Suma ...
. * Luxembourg * Serbia * Estonia * Mexico * Portugal * Slovak Republic * Hungary *
Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archi ...
Some jurisdictions have never levied any form of tax in the event of death: *
Cayman Islands The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the s ...
* Jersey * Jordan *
Guernsey Guernsey (; Guernésiais: ''Guernési''; french: Guernesey) is an island in the English Channel off the coast of Normandy that is part of the Bailiwick of Guernsey, a British Crown Dependency. It is the second largest of the Channel Islands, ...


United Kingdom

Inheritance tax was introduced with effect from 18 March 1986.


History (succession duty)

Succession duty, in the English fiscal system, is "a tax placed on the gratuitous acquisition of property which passes on the death of any person, by means of a transfer from one person (called the predecessor) to another person (called the successor)". In order properly to understand the present state of the English law it is necessary to describe briefly the state of affairs prior to the Finance Act 1894 — an act which effected a considerable change in the duties payable and in the mode of assessment of those duties. The
Succession Duty Act 1853 Succession is the act or process of following in order or sequence. Governance and politics *Order of succession, in politics, the ascension to power by one ruler, official, or monarch after the death, resignation, or removal from office of ...
was the principal act that first imposed a succession duty in England. By that act a duty varying from 1% to 10% according to the degree of
consanguinity Consanguinity ("blood relation", from Latin '' consanguinitas'') is the characteristic of having a kinship with another person (being descended from a common ancestor). Many jurisdictions have laws prohibiting people who are related by blood fro ...
between the predecessor and successor was imposed upon every succession which was defined as "every past or future disposition of property by reason whereof any person has or shall become beneficially entitled to any property, or the income thereof, upon the death of any person dying after the time appointed for the commencement of this act, either immediately or after any interval, either certainly or contingently, and either originally or by way of substitutive limitation and every devolution by law of any beneficial interest in property, or the income thereof, upon the death of any person dying after the time appointed for the commencement of this act to any other person in possession or expectancy". The property which is liable to pay the duty is in realty or leasehold estate in the UK and personalty—not subject to legacy duty—which the beneficiary claims by virtue of English, Scottish, or Irish law. Personalty in England bequeathed by a person domiciled abroad is not subject to succession duty. Successions of a husband or a wife, successions where the principal value is under £100, and individual successions under £20, are exempt from duty. Leasehold property and personalty directed to be converted into real estate are liable to succession, not to legacy duty. Special provision is made for the collection of duty in the cases of joint tenants and where the successor is also the predecessor. The duty is a first charge on property, but if the property be parted with before the duty is paid the liability of the successor is transferred to the alienee. It is, therefore, usual in requisitions on title before conveyance, to demand for the protection of the purchaser the production of receipts for succession duty, as such receipts are an effectual protection notwithstanding any suppression or misstatement in the account on the footing of which the duty was assessed or any insufficiency of such assessment. The duty is by this act directed to be assessed as follows: on personal property, if the successor takes a limited estate, the duty is assessed on the principal value of the
annuity In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...
or yearly income estimated according to the period during which he is entitled to receive the annuity or yearly income, and the duty is payable in four yearly installments free from interest. If the successor takes absolutely he pays in a lump-sum duty on the principal value. On real property the duty is payable in eight half-yearly installments without interest on the capital value of an annuity equal to the annual value of the property. Various minor changes were made. The Customs and Inland Revenue Act 1881 exempted personal estates under 300. The
Customs and Inland Revenue Act 1888 Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. Traditionally, customs ...
charged an additional 1% on successions already paying 1% and an additional 11% on successions paying more than 1%. By the
Customs and Inland Revenue Act 1889 Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. Traditionally, customs ...
, an additional duty of 1% called an "estate duty" was payable on successions over 10,000. The Finance Acts 1894 and 1909 effected large changes in the duties payable on death. As regards the succession duties they enacted that payment of the estate duties thereby created should include payment of the additional duties mentioned above. Estates under £1,000 (£2,000 in the case of widow or child of deceased) are exempted from payment of any succession duties. The succession duty payable under the Succession Duty Act 1853 was in all cases to be calculated according to the principal value of the property, i.e., its selling value, and though still payable by installments interest at 3% is chargeable. The additional succession duties are still payable in cases where the estate duty is not charged, but such cases are of small importance and in practice are not as a rule charged.


United States

The United States imposed a succession duty by the
War Revenue Act of 1898 The War Revenue Act of 1898 was legislation signed into law in the United States on June 13, 1898, which created a wide range of taxes to raise revenue for the American prosecution of the Spanish–American War. The legislation established the pred ...
on all legacies or distributive shares of personal property exceeding (worth in 2020 dollars). This was a tax on the privilege of succession, and devises and land distributions of land were unaffected. The duty ran from 75 cents on the to on the , if the legacy or share in question did not exceed . On those over that value, the rate was multiplied 11 times on estates up to , twofold on those from to , 21 times on those from to a million, and threefold for those exceeding a million. This statute was upheld as constitutional by the
U.S. Supreme Court The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that involve a point o ...
. Many of the states also impose succession duties, or
transfer tax A transfer tax is a tax on the passing of title to property from one person (or entity) to another. In a narrow legal sense, a transfer tax is essentially a transaction fee imposed on the transfer of title to property from one entity to another. ...
es; generally, however, on collateral and remote successions; sometimes progressive, according to the amount of the succession. The state duties generally touch real estate successions as well as those to personal property. If a citizen of state ''A'' owns registered bonds of a corporation chartered by state ''B'', which he has put for safe keeping in a deposit vault in state ''C'', his estate may thus have to pay four succession taxes, one to state ''A'', to which he belongs and which, by legal fiction, is the seat of all his personal property; one to state ''B'', for permitting the transfer of the bonds to the legatees on the books of the corporation; one to state ''C'', for allowing them to be removed from the deposit vault for that purpose; and one to the United States. The different U.S. states all have other regulations regarding inheritance tax: * Louisiana: abolished inheritance tax in 2008, for deaths occurring on or after 1 July 2004 * New Hampshire: abolished state inheritance tax in 2003; abolished surcharge on federal estate tax in 2005 * Utah: abolished inheritance tax in 2005 Some U.S. states impose inheritance or estate taxes (see inheritance tax at the state level): * Indiana: abolished the state inheritance on December 31, 2012 * Iowa: Inheritance is exempt if passed to a surviving spouse, parents, or grandparents, or to children, grandchildren, or other "lineal" descendants. Other recipients are subject to inheritance tax, with rates varying depending on the relationship of the recipient to the deceased. * Kentucky: The inheritance tax is a tax on a beneficiary's right to receive property from a decedent's estate. It is imposed as a percentage of the amount transferred to the beneficiary: ** Transfers to "Class A" relatives (spouses, parents, children, grandchildren, and siblings) are exempt ** Transfers to "Class B" relatives (nieces, nephews, daughters-in-law, sons-in-law, aunts, uncles, and great-grandchildren) are taxable ** Transfers to "Class C" recipients (all other persons) are taxable at a higher rate. Kentucky imposes an estate tax in addition to its inheritance tax. * Maryland * Nebraska * New Jersey: New Jersey law puts inheritors into different groups, based on their family relationship to the deceased person: ** Class A beneficiaries are exempt from the inheritance tax. They includes the deceased person's spouse, domestic partner, or civil union partner parent, grandparent, child (biological, adopted, or mutually acknowledged), stepchild (but not stepgrandchild or great-stepgrandchild), grandchild or other lineal descendant of a child ** Class B was deleted when New Jersey law changed ** Class C includes the deceased person's: brother or sister, spouse or
civil union A civil union (also known as a civil partnership) is a legally recognized arrangement similar to marriage, created primarily as a means to provide recognition in law for same-sex couples. Civil unions grant some or all of the rights of marriage ...
partner of the deceased person's child, surviving spouse or civil union partner of the deceased person's child. The first inherited by someone in Class C is not taxed. On amounts exceeding , the tax rates are: 11% on the next , 13% on the next , 14% on the next , and 16% for anything over ** Class D includes everyone else. There is no special exemption amount, and the applicable tax rates are: 15% on the first , and 16% on anything over ** Class E includes the State of New Jersey or any of its political subdivisions for public or charitable purposes, an educational institution, church, hospital, orphan asylum,
public library A public library is a library that is accessible by the general public and is usually funded from public sources, such as taxes. It is operated by librarians and library paraprofessionals, who are also civil servants. There are five fundament ...
, and other nonprofits. These beneficiaries are exempt from inheritance tax. * Oklahoma * Pennsylvania: Inheritance tax is a flat tax on the value of the decedent's taxable estate as of the date of death, less allowable funeral and administrative expenses and debts of the decedent. Pennsylvania does not allow the six-month-after-date-of-death alternate valuation method that is available at the federal level. Transfers to spouses are exempt; transfers to grandparents, parents, or lineal descendants are taxed at 4.5%. Transfers to siblings are taxed at 12%. Transfers to any other persons are taxed at 15%. Some assets are exempted, including life insurance proceeds. The inheritance tax is imposed on both residents and nonresidents who owned real estate and tangible personal property in Pennsylvania at the time of their death. The Pennsylvania Inheritance Tax Return (Form Rev-1500) must be filed within nine months of the date of death. * Tennessee


Inheritance tax in Spain

Impuesto de sucesiones, in Spain, is the inheritance tax “that you must pay for the transference of goods due to the decease of a person. When a person dies in Spain, the set of goods will pass to their successors (heirs or legatees), and is for this acquisition of goods, rights, and obligations for which this tax must be paid”. In Spain, the tax is regulated in Law 29/1987, of December 18, on Inheritance and Donation Tax by Royal Decree 1629/1991, of November 8, which approves the Tax Regulation on Inheritance and Donations. It is a progressive tax, from 7.65% to 34% not including bonuses or reductions. However, rebates or reductions are common in most of the autonomous communities, with several of them reducing the tax rate to 1%, sometimes even to 0% if the tax base does not exceed a certain minimum. The applicable rate also depends on the proximity of the recipient or heir, being lower the greater its proximity to the deceased or donor (descendants, spouse...). It is usually summarized with the donation tax, as many parents transfer their goods inter vivos to their heirs. From this tax, the Spanish state gets 2,360,932,000 euros (2019) which is a 17.3% of the total recollected by the autonomous communities. This tax can be partially deduced according to the blood proximity of the person who will inherit the goods. The amount to deduce vary considerably depending on the autonomous community, and the reduction on the amount to pay has a descendant character, according to the membership group: * Group I: Descendants, regardless of whether they are adopted or not, under 21 years. * Group II: Descendants and adopted over 21 years and spouses. * Group III: Siblings, uncles, and nephews. * Group IV: Other people not included in the other groups. Cousins or not directly related people. History of the tax There's a consensus that this tax is a direct heir of the vicesimal heredatum, created during the Emperor Augustus age, taxing heirlooms and legacies. In Rome this tax was considered a donation and it depended on if the subject who passes their goods to their heir was alive (inter vivos) or deceased (mortis causa). This tax disappeared during the Middle Ages and was again restored temporally with Charles the IV in 1798, and finally consolidated on 1829 with two rates depending on consanguinity 2% for spouses and 12% for the intestate until IV grade:. This tax will be oscillating for almost two centuries between 1 and 15% depending on the proximity group until the 11th of June 1964, where acquisitions mortis causa will be drastically increased compared to the previous centuries. * On spouses and legitimate descendants (offspring), we will see tax rates between 3% and 21%. * On legitimate ascendants (parents) we will see tax rates between 5% and 26%. * On descendants and ascendants by affinity from 23% until 55%. * On collaterals of second degree (Brothers, grandparents, or grandsons) we see the tax rates ranging between 28% and 58%. * For collaterals of third degree (great-grandparents, great-grandchildren, uncles and nephews) the tax will be between 40 and 69%. * And the highest rates to non-directly related people will range between 58% and 84%. It will then be eliminated temporarily in 1977 and restored in 1987 which will prevail until now. Here the reductions that you can make on the payment are specified according to the 4 Groups: * Group I: 15,956.87 euros + 3,990.72 euros for each year under 21. This quantity can't exceed the 47,858,59 euros. * Group II: 15,956.87 * Group III: 7,993.46 * Group IV: There will be no place for reduction. It is also presented a reduction of 47,858.59 euros for people who present a legal condition of handicapped over 35%. This deduction can increase up to 150,253.03 in handicaps over 65%. Decentralization on the Spanish autonomous communities You can calculate the tax you must pay following the state law. However, in Spain the calculus of the amount you pay depends on the specific autonomous community where you have your tax residence. In this scenario you must pay a percentage of the amount you inherit plus a certain quantity according to the total quantity you inherit. The only Autonomous community excluded are Navarra and the Basque Country because they have their own tax system, and they work independently from the other communities or the central state. This tax is deducible in many ways related to the consanguinity of the person who inherits, to the handicap level, the number of properties, usage of this properties, possession of enterprises, condition of victim of gender violence or terrorism. There are a lot of causes that can reduce notably your amount to pay. Moreover, this amount and reductions vary enormously according to the Autonomous Community you reside. For example, in Galicia, direct relatives of the deceased person will be exempted to pay the inheritance tax until the amount to inherit doesn't arrive the million euros. While in Asturias if you inherit a 700,000 property, the person will pay around a 20% of the amount depending on the variables.


Other taxation applied to inheritance

In some jurisdictions, when assets are transferred by inheritance, any unrealized increase in asset value is subject to
capital gains tax A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a c ...
, payable immediately. This is the case in Canada, which has no inheritance tax. When a jurisdiction has both capital gains tax and inheritance tax, inheritances are generally exempt from capital gains tax. In some jurisdictions, like Austria, death gives rise to the local equivalent of gift tax. This was the UK model before the Inheritance Tax in 1986 was introduced, when estates were charged to a form of gift tax called Capital Transfer Tax. Where a jurisdiction has both gift tax and inheritance tax, it is usual to exempt inheritances from gift tax. Also, it is common for inheritance taxes to share some features of gift taxes, by taxing some transfers which happen during the lifetime of the giver rather than on death. The UK, for example, subjects "lifetime chargeable transfers" (usually gifts to
trusts A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "sett ...
) to inheritance tax.


Historical


Ancient Rome

No inheritance tax was recorded for the Roman Republic, despite abundant evidence for testamentary law. The ''
vicesima hereditatium The ''Vicesima hereditatium'' was a Roman 5% tax on inheritance money. History No inheritance tax was recorded for the Roman Republic, despite abundant evidence for testamentary law. The ''vicesima hereditatium'' ("twentieth of inheritance") was ...
'' ("twentieth of inheritance") was levied by Rome's first emperor,
Augustus Caesar Augustus (born Gaius Octavius; 23 September 63 BC – 19 August AD 14), also known as Octavian, was the first Roman emperor; he reigned from 27 BC until his death in AD 14. He is known for being the founder of the Roman Pri ...
, in the last decade of his reign. The 5% tax applied only to inheritances received through a will, and close relatives were exempt from paying it, including the deceased's grandparents, parents, children, grandchildren, and siblings. The question of whether a spouse was exempt was complicated—from the late Republic on, husbands and wives kept their own property scrupulously separate, since a Roman woman remained part of her birth family and not under the legal control of her husband. Roman social values on marital devotion probably exempted a spouse. Estates below a certain value were also exempt from the tax, according to one source, but other evidence indicates that this was only the case in the early years of Trajan's reign. Tax revenues went into a fund to pay military retirement benefits (''
aerarium militare The ''aerarium militare'' was the military treasury of Imperial Rome. It was instituted by Augustus, the first Roman emperor, as a "permanent revenue source" for pensions ''(praemia)'' for veterans of the Imperial Roman army. The treasury deriv ...
''), along with those from a new sales tax (''
centesima rerum venalium ''Centesima rerum venalium'' (literally hundredth of the value of everything sold) was a 1% tax on goods sold at auction. History Tax revenues went into a fund to pay military retirement benefits ('' aerarium militare''), along with those from a ne ...
''), a 1% tax on goods sold at auction. The inheritance tax is extensively documented in sources pertaining to Roman law, inscriptions, and papyri. It was one of three major indirect taxes levied on Roman citizens in the
provinces A province is almost always an administrative division within a country or state. The term derives from the ancient Roman ''provincia'', which was the major territorial and administrative unit of the Roman Empire's territorial possessions outsi ...
of the
Empire An empire is a "political unit" made up of several territories and peoples, "usually created by conquest, and divided between a dominant center and subordinate peripheries". The center of the empire (sometimes referred to as the metropole) ex ...
.Burton, "Government and the Provinces," p. 428.


See also

* Property tax


References


External links

*
Tax inheritance iran
{{DEFAULTSORT:Inheritance Tax Tax Personal taxes Taxation in the Czech Republic Taxation in France Taxation in Germany Taxation in Ireland Taxation in Italy Taxation in the Netherlands Taxation in Norway Taxation in Switzerland Taxation in the United Kingdom Taxation in the United States Taxation in Australia Taxation in Canada Taxation in Hong Kong Taxation in India Taxation in Israel Taxation in New Zealand Taxation in Russia Taxation in Singapore Taxation in Sweden Taxation in Spain