Perintöveroa

Perintövero, known in English as inheritance tax, is a tax levied on the assets inherited by an individual from a deceased person. In Finland, the tax is officially called perintö- ja lahjavero, encompassing both inheritance and gift taxes. The Finnish Tax Administration, Verohallinto, is responsible for assessing and collecting this tax.

The tax is progressive, meaning the tax rate increases with the value of the inherited or gifted assets. The relationship between the deceased and the beneficiary also plays a significant role in determining the tax rate. Closer relatives, such as spouses and direct descendants, generally face lower tax rates than more distant relatives or unrelated individuals.

The tax base is calculated after deducting certain allowed expenses, such as funeral costs and debts of the deceased. There are also tax-free thresholds, meaning a certain amount of inheritance is not taxed. These thresholds vary based on the beneficiary's relationship to the deceased.

If the inherited assets are distributed among multiple beneficiaries, each beneficiary is taxed individually on their share. For gifts received, the tax is assessed on the recipient. The tax must be paid within a specified period after the tax assessment. Failure to pay on time can result in late payment penalties. The laws and regulations surrounding perintövero are subject to change, and specific details can be found on the official website of the Finnish Tax Administration.