|Type of Tax||Direct|
|Collected by||Provincial Government|
|Paid by||Natural persons|
|Tax base||Value of the capital increase obtained without cost as the result of a bequest or gift.|
|Abatements in the base||
On inheritances, when the degree of relatedness is between descendants, ascendants, spouses or common-law partners, inheritances amounting to less than €400,000 are not subject to tax. Click here to see the reductions for inheritances by degree of relatedness.
|Net tax base||Calculated by subtracting the corresponding abatements from the tax base|
|Tariff or Rate||
On inheritances, after reductions, and on donations, when the degree of relatedness is between descendants, ascendants, spouses or common-law partners, a tax rate of 1.5% will be applied. For all other inheritances and donations, the calculation is based on the degree of relatedness. For more information, click here.
|Liability||Calculated by applying the tax rate to the net tax base.|
|Amount payable||The tax liability calculated above.|
The Tax on Inheritance (sucession - bequests) and Gifts (donation - received from someone still living) is a direct and subjective tax. It is levied on increases in assets obtained as a gift by natural persons. This tax is collected by the provincial government.
It is principally levied on:
How is the amount payable calculated?