ohtlikumaks

Ohtlikumaks, also known as "ohtlikumaksed" in plural, refers to a type of tax levied in Estonia. The term translates to "inheritance tax" in English. It is a tax imposed on the transfer of property, including real estate, vehicles, and other assets, from one person to another upon their death. The tax is calculated based on the value of the assets being transferred and is typically paid by the estate of the deceased.

The rate of ohtlikumaks can vary depending on the type of asset and the relationship between the deceased and the recipient. For example, the tax rate is generally lower for transfers to immediate family members compared to transfers to non-family members. The tax is administered by the Estonian Tax and Customs Board and is subject to regular updates and changes in legislation.

Ohtlikumaks is an important aspect of the Estonian tax system, ensuring that the government receives revenue from the transfer of assets and helping to fund public services and infrastructure. It is a mandatory tax that must be paid by the estate of the deceased, and failure to do so can result in penalties and legal consequences. The tax is an essential component of the estate planning process in Estonia, as it can significantly impact the amount of assets that are left to the beneficiaries of the deceased.