Inheritance tax calculator – how much inheritance tax must be paid?
You can use the inheritance tax calculator to make preliminary calculations of how much inheritance tax you must pay. The result is based on the amount you enter into the calculator. The result is exclusive of the various deductions you may get by virtue of your circumstances; e.g., a reduced tax due to provisions concerning rights of possession. In the same way, no late-payment charges for overdue inheritance tax are included in the calculator’s results.
If the part of the inheritance you receive is worth less than €20,000, you do not have to pay tax.
The will and the deed of estate inventory determine the inheritance portions that each inheritor must pay tax on.
Example: The value of an estate is €150,000. There are 3 inheritors. The portion of the inheritance devolving to each one is ⅓. Each inheritor should enter €50,000 into the calculator because this is their portion of the inheritance.
Tax brackets and schedules relating to inheritance tax
For purposes of taxation, inheritors fall under two categories known as “tax brackets” depending on the family relationship that existed with the deceased person. To be in bracket 1 means lower taxes.
This means that although portions of inheritances up to the threshold of €20,000 are free of tax, you must not subtract the tax-exempt part of €19,999 from the value. The tax-exempt part is taken into account in the schedule below. Accordingly, calculate the inheritance tax on the basis of the inheritance portion’s value.
You are in the 1st tax bracket if you are
- the decedent’s wife, husband or registered partner
- an inheritor in direct line of descent or ascent (the decedent’s child, grandchild, parent or grandparent)
- an inheritor to the decedent’s spouse or former spouse in direct line of descent
- engaged to be married to the decedent and entitled to support (chapter 8, section 2 of the Code of Inheritance)
You are in the 1st tax bracket if you lived together with the decedent and you meet one of these two conditions:
- You were previously married to the decedent.
- You have or have had a child together with the decedent.
Adoptive children and adoptive parents are treated the same as biological relatives in tax assessment.
| Value of inheritance | Tax at minimum threshold | Tax rate on exceeding portion |
|---|---|---|
| 20,000–40,000 |
100 |
7 |
| 40,000–60,000 |
1,500 |
10 |
| 60,000–200,000 |
3,500 |
13 |
|
200,000–1,000,000 |
21,700 |
16 |
|
1,000,000– |
149,700 |
19 |
Example: You inherit €30,000 from your deceased mother. The tax on €20,000 amounts to €100. For the part going over €20,000 – in other words, for €10,000 – the tax percentage is 7%, resulting in €700 of tax. As a result, the inheritance tax you must pay is €800.
Other relatives and individuals outside the family belong to the 2nd tax bracket.
| Value of inheritance | Tax at minimum threshold | Tax rate on exceeding portion |
|---|---|---|
| 20,000–40,000 | 100 | 19 |
| 40,000–60,000 | 3,900 | 25 |
| 60,000–200,000 | 8,900 | 29 |
| 200,000–1,000,000 | 49,500 | 31 |
| 1,000,000 | 297,500 | 33 |
Example: You inherit €30,000 from your deceased uncle. The tax on €20,000 amounts to €100. For the part going over €20,000 – in other words, for €10,000 – the tax percentage is 19%, resulting in €1,900 of tax. As a result, the inheritance tax you must pay is €2,000.
Rights of possession causing inheritance taxes to be reduced
Read more about valuation of possession rights
You will receive payment instructions enclosed with the inheritance tax decision
The amount of inheritance tax determines the size and due dates of the payment instalments.