Estate inventory and submitting the deed of inventory to the Tax Administration
An estate inventory meeting must be held within three months from the death. The person who is the best informed on the deceased person’s wealth, usually their spouse or offspring, is responsible for the estate inventory.
Deeds of estate inventory are drawn up by banks, law offices, legal aid offices, etc. They also collect the documents relating to the deceased person’s assets and liabilities on your behalf. If you prepare the deed of estate inventory by yourself, make sure you have all the documents needed.
The Tax Administration has no template or form for a deed of estate inventory. You can use the templates available online and in book shops.
What should a deed of estate inventory include?
The deed of inventory should include the information below. In addition, remember to enclose the required documents.
- the deceased person’s heirs, surviving spouse, secondary heirs and other beneficiaries of the will; and their addresses and personal IDs
- the person reporting the estate, and two trustees; they must sign the deed
- the contact person’s name, address and telephone number
- the heir’s or beneficiary's relationship to the deceased person
- if an unmarried partner is a party to the estate, does either of the following apply:
- the unmarried partner was previously married to the deceased person
- the unmarried partner and the deceased person have or have had a child together
- the assets and liabilities of the deceased person and the surviving spouse on the day of death
- If the deceased person’s spouse died earlier but the spouse’s assets have not been divided yet, report the assets and liabilities of them both on the date of death of the later-deceased spouse.
- whether the deceased person and the surviving spouse have a marital right to each other’s property
- whether the surviving spouse will hand over any of the property to pay adjustment to the heirs of the spouse who died first
- whether the surviving spouse will retain a right of possession to the apartment that was their home together
- the will and any claims for lawful portions
- any advancements made by the deceased person or the surviving spouse
- gifts that an heir or a beneficiary of the will has received from the deceased person within the past three years prior to the death – give the date, value and description of the gift
- insurance indemnities paid to the death estate or a beneficiary on account of the death – state the indemnity beneficiaries and amounts
- a student loan granted to the deceased person – the value of the loan in the deed of inventory is €0. The death estate is not obliged to pay back a government-guaranteed loan.
Include the following deductions in the deed of estate inventory:
- funeral expenses
- expenses from the estate inventory
- deceased person’s liabilities during lifetime
- home loan, hire-purchase debt, and credit card debt
- deceased person’s tax debt during lifetime
- water, electricity and telephone bills
- unpaid medical expenses
Include the following documents:
- will and prenuptial agreement
- deed of distribution if the estate has already been distributed
- deed of partition or deed of estate distribution if the deceased person's spouse died earlier and if the distribution of matrimonial assets and the estate have been performed between the heirs of the deceased person and their earlier-deceased spouse.
Send us photocopies of the documents. Keep the original documents for yourself.
In the enclosure, also state who is responsible for the death estate’s other tax matters. If it is a representative, every party to the estate must sign an authorisation in the deed of inventory or grant a separate power of attorney (Form 3630) (available in Finnish and Swedish, link to Finnish).
You do not have to enclose the following documents:
- deposit balance statements
- receipts of the estate’s expenses
- extract from the personal register
- photocopy of another deed of estate inventory
We may ask you for more information later.
Submit the deed of inventory in Mytax or send it by post
Send us a photocopy of the deed of inventory and its enclosures within one month of the estate inventory meeting. You can use MyTax to send the deed of inventory electronically.
If you are submitting a deed of estate inventory on behalf of a company, log in to MyTax with the company’s IDs. More information about Suomi.fi authorisations
If you cannot send the deed and its enclosures in MyTax, send the photocopies to:
Send the photocopies to:
Finnish Tax Administration
Inheritance and gift taxation
P.O. Box 760
If you need to supplement the deed of inventory later, send the supplementary document to the above address. Alternatively, you can deliver the documents to your local tax office.
The Tax Administration stores the estate inventory deed and its enclosures in electronic format and destroys the paper documents.
Send the deed of inventory in time – if you file it late, you will have to pay a late-filing penalty or punitive tax increase.