After the estate inventory meeting has been held, the property can be distributed. You can start the distribution without any specific permission from the Tax Administration even if you have not yet received the decision concerning inheritance taxes.
It is necessary to write a deed of distribution for the estate. The decedent’s property is transferred to the inheritors on the basis of what is recorded in the deed.
The deed of distribution must indicate
- What property has been distributed
- What the property’s value is when distributed
- What property each one of the inheritors received
- What property has not been distributed, if any
- Whether or not the estate was distributed fully
Each one of the shareholders must put their signature on the deed of estate distribution.
The Tax Administration refrains from giving an opinion on whether electronically provided signatures on deeds of division and distribution would be sufficient. Handwritten signatures on paper are still the generally accepted and safe method of signing.
The Tax Administration has no template or model format for the deed. For preparing the deed, you can use the templates available online and in bookshops.
Send a photocopy of the deed of distribution to the Tax Administration. For the needs of the Tax Administration, one single photocopied example is sufficient.