List of countries with no inheritance tax

List of countries with no inheritance tax

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List of countries with no inheritance tax

Country Comment
Brunei
China When transferring real estate (including on death), a transfer fee is owed.
India
UAE
Qatar
Saudi-Arabia
Oman
Kuwait Under certain circumstances, Sharia law may give rise to tax-like obligations.
Hongkong
Taiwan There may be an estate tax of 10% for assets over TWD 12 million (approx. EUR 350,000).
Macao
Singapore
Israel
New Zealand
Mexico
Estonia Capital gains tax may be applicable to the inheritance of real estate.
Latvia No taxation of spouses or children.
Liechtenstein
Portugal In individual cases, inheritances may fall under the definition of gratuitous disposition of assets and may then be taxable under the Stamp Duty Act.
Russia
Malta
Schweden
Slowakia
Cyprus A transfer fee may apply to some assets.
Austria
Serbia No taxation of spouses, parents, or children
Norway
Slowenia No taxation of spouses or children.
Lithuaina No taxation of spouses or children.
France No taxation of spouses/registered life partners..
Canada Capital gains tax is always levied. The sale is deemed to have taken place. The difference between the original acquisition costs and the estimated deemed sale proceeds is then taxed. There are concessions for spouses and for the transfer of agricultural assets to other descendants.
Switzerland Only imposed at cantonal level, Schwyz and Obwalden do NOT impose inheritance tax. As a rule, spouses (including registered partners) or children are exempt from inheritance tax. In addition, there are extensive tax exemptions that vary depending on the degree of relationship and canton.
Australia Abolished at federal level, partially imposed at state level. In addition, some inheritances can fall under Capital Gains Tax.
Czech Republic Only third parties (non-descendants) are taxed.
Luxemburg There is an inheritance tax, but not for direct descendants.
Hungary There is an inheritance tax, but close relatives, including direct descendants, are exempt.

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