Inheritance tax

On the exchange of an estate at death, assets and liabilities shall be recorded in accordance with their value on the date of death.

In advance payment of inheritance, assets shall be registered in relation to their status on the date the district commissioner endorses the inheritance report.

If a spouse has been issued a licence to sit on an unallocated estate and the exchange takes place while he/she is still alive, the assets and liabilities shall be recorded in relation to their status on the date the magistrate endorses the inheritance report.

If a spouse has been issued a licence to sit on an unallocated estate and the exchange takes place after the death of both spouses, the assets and liabilities shall be recorded in relation to their position on the date of death of the more long-lived spouse. In the case of the exchange of joint estate of a married couple, a single inheritance report shall be prepared, irrespective of whether the heirs of both spouses are the same person or not.