Taxes in Europe Database v2
Law No. 357/1992 Coll., as amended by subsequent acts.
The heir of a property.
The inheritors are classified in three categories:
1. Spouses and relatives in the direct line (children, grandchildren, parents);
2. a) other relatives in the collateral line, namely siblings, nephews, nieces, uncles and aunts;
b) children's spouses, husband's children and parents, spouses of parents and individuals living with the decedent in a common household for at least a year prior to the death of the decedent and who for that reason took care of the common household or who were dependent on the decedent of their support.
3. All other persons.
An acquisition of property by inheritance.
The value of the property acquired by an individual heir.
If the acquisition of property by inheritance concerns persons included in the first and the second category, it is exempt from inheritance tax.
Acquisition of movable personal belongings of individuals, unless these things have been for a year prior to acquisition included into the decedent's business property if the value of such property acquired by each individual taxpayer does not exceed CZK 20,000 for persons in the third category. The tax is collected only on the amount that exceeds the above limits. The same amount is exempt in the case of acquisition of deposits and financial means.
The rates are progressive depending on value of property (tax base). For example the rates in the third category from 7 % to 40 % (dependent on the extent of tax base), the final amount is then multiplied by a coefficient 0.5.
The taxpayers are liable to submit a tax return to the tax administrator within 30 days of the day when the inheritance proceedings were legally concluded. The tax is assessed by the tax administrator and must be paid within 30 days from the reception of payment assessment.