Perintöveroilmoitukset

Perintöveroilmoitukset refers to the tax return filed for inheritance tax purposes in Finland. When a person passes away, their assets are subject to inheritance tax if they exceed a certain threshold. The heirs or beneficiaries of the estate are responsible for reporting these assets to the Finnish Tax Administration (Verohallinto).

The perintöveroilmoitus must be submitted within three months of the date the estate was notified to the local registry. This notification typically occurs after the will has been probated or the statutory distribution of assets has been determined. The tax return requires detailed information about the deceased, the heirs, and the value of the inherited assets. This includes real estate, bank accounts, stocks, vehicles, and other valuable possessions. Valuations are usually based on market prices at the time of death.

The Finnish Tax Administration uses the information provided in the perintöveroilmoitus to calculate the inheritance tax due. The tax rate depends on two main factors: the value of the inheritance received by each individual heir and their relationship to the deceased. Closer relatives, such as spouses and children, are taxed at lower rates than more distant relatives or unrelated individuals. After the tax has been assessed, the tax authorities will send out a tax decision, outlining the amount of tax payable and the payment deadline. Failure to file the perintöveroilmoitus on time or providing inaccurate information can result in penalties and additional taxes.