Payment instructions for inheritance tax are included in the tax decision
Due dates and instructions for payment are shown on your inheritance tax decision and also in MyTax. You can pay the tax in MyTax.
If you instead use your e-bank connection for paying, remember to check the Tax Administration’s bank account number and reference number carefully, for ensuring that the payment will go to the right bank account for inheritance tax payments, not other taxes.
Inheritance taxes are assessed separately for each inheritor. One shareholder of a death estate carries no responsibility for the inheritance tax payment of another.
Instalments of inheritance tax payments
The amount of the tax affects the sizes of instalments:
- If the amount of inheritance tax is less than €500, it must be paid in one instalment.
- If the amount is €500 or more, it is divided into two instalments.
- However, if at least €1,700 of the amount is for an inherited farm or business enterprise that the inheritor continues to operate, there may be up to 10 instalments.
If you continue the decedent’s farming or business, you can ask for having a request for extended time for payment recorded in the deed of estate inventory or you can include a request for extension in the gift tax return that concerns the farm or business. You must make the request for extension before we assess your taxes. If we give you an extension of time for paying the tax, the part connected to the farm or business can be divided into annual instalments over a period of up to 10 years. Each instalment must be at least €850. No interest is charged for a period of extension that the Tax Administration has given.
Due dates of inheritance tax
Due dates are determined according to the following rules:
- The first due date is approximately 3 months from the date of the tax decision.
- The second due date is 2 months after the first due date.
Example: Your inheritance tax decision states that the assessment of inheritance taxes was completed 17 December 2022. Therefore, the first instalment is due on 1 April 2023 and the second on 1 June 2023.
The tax must be paid even if you claim adjustment
You must pay the tax by its due date even if you have claimed adjustment of your inheritance tax.
If you have filed a claim for adjustment, you can ask the Tax Administration to prevent or suspend recovery of the tax by enforcement. Note that if you fail to pay the tax on time, late-payment interest is added to unpaid taxes in the usual way during the time when recovery is prevented or suspended.
When payment is late
If you pay your inheritance tax after its due date, you must also pay late-payment interest.
Frequently asked questions
No, inheritance taxes cannot be paid in advance. After you receive the Tax Administration’s decision on inheritance taxation, you can pay the tax. The decision will contain information on the exact amount, along with instructions for payment.
Yes, you can pay both instalments in one lump-sum but you must enter the inheritance tax reference number. When the amount and the reference number is correct, your payment settles both instalments.
Yes you can. If you have already received the inheritance tax decision and you need to ask for more time for paying the tax, you can ask for a payment arrangement to be made. You can request a payment arrangement for an inheritance tax in MyTax.
Note that if you request a payment arrangement for some other type of tax, your inheritance tax will be included in the arrangement. The above rule is in effect despite the provision of law, which lays down that inheritance tax remaining unpaid must not be sent to enforced recovery until two years have elapsed since the first instalment’s due date.
If your inheritance tax is overdue and no payment arrangement is made,
we will send you three payment reminders. After that, the unpaid tax is transferred to the Enforcement Authority for recovery. The third reminder is sent two years after the first instalment’s due date. However, late-payment interest on the overdue instalments continues to be calculated in the usual way.