Jun 20, 2023
The inheritance tax rate rises progressively, so the more inheritance you receive, the higher the percentage of your inheritance you have to pay tax on. An inheritance can be money, shares, a share in a dwelling, a cottage, a forest or land, anything. The value of what you inherit is added together...
Apr 18, 2020
The household deduction is €2,400 for the 2019 tax year. Remember to report! The tax authorities will deduct the amount directly from your taxes. The deadlines for filing your tax return are 5.5., 12.5. or 19.5. What is the household deduction? When you buy services for your home or holiday home, you can deduct...
Dec 5, 2019
A small gift that qualifies for tax exemption, such as a Christmas present, can be worth up to €100. Even the smallest gift voucher, which can be used to buy anything, is wages on which you will have to pay tax. A gift voucher is only tax-free if it is precisely identified to a specific...
26 May 2020
You can save a significant amount on inheritance tax by ensuring the right considerations are included in your will. In Finland, anyone can inherit up to €30,000 tax-free. A spouse, on the other hand, can inherit up to €120,000 tax-free. Inheritance can also be divided among multiple beneficiaries. It is advisable...
