Legal information

Our country is developing more and more rapidly, and the economy is becoming more and more developed, so the economic level of our personal income has also improved. Do you understand the inheritance tax among the relevant regulations? Today, lawyers from the Yingting Law Group have collected relevant information and some content to tell you how to levy inheritance tax correctly. I hope it will be of great help to everyone when accepting an inheritance.

How is inheritance tax levied?

Inheritance tax is a tax levied on the property left behind by the deceased after his death. It is levied on the heirs of the estate and the recipients of the inheritance. According to the legislative plan of the National People's Congress and the Ministry of Industry, inheritance tax has not yet been included. The inheritance tax we refer to refers to the tax that needs to be paid when selling to external parties.

According to the relevant provisions of the Civil Code of the People's Republic of China, if the owner of the house no longer exists, the inheritance will be carried out by the first-order heirs, spouse, children, parents, etc. During the process of inheriting the house, there is no need to pay any tax.

When we sell our house, we need to pay the full 20% personal income tax and other taxes. This is what we usually call the house inheritance tax.

The above is the relevant knowledge on how to levy inheritance tax introduced to you today. If we inherit the property, we do not need to pay tax. If it is sold to an outsider, we need to pay the full 20% personal income tax. If you have any questions about other issues, you can communicate with our professional lawyers.