166644
statistikk
2014-06-18T10:00:00.000Z
Income and consumption
en
arv, Inheritance tax, inheritance, gifts, recipientsPersonal tax, Income and consumption
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Statistics

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Inheritance tax, 2012

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NOK 1.8 billion in inheritance tax

Assessed inheritance tax amounted to NOK 1.8 billion in 2012; an average of 5 per cent of the inheritance tax basis. About NOK 32 billion was received in taxable inheritance and gifts in 2012.

Number of recipients and total tax basis. Inheritance and gifts, by a selection of object typesPublished 18 June 2014
2011 2012
Recipients Total tax basis (NOK mill.) Recipients Total tax basis (NOK mill.)
Inheritance
Total 15 252 20 444 17 047 22 435
Bank deposits/Cash 13 691 5 012 15 105 5 479
Dwelling 10 282 12 901 11 266 14 646
Recreational property 2 504 1 210 2 665 1 282
 
Gifts
Total 6 967 9 512 7 484 9 877
Bank deposits/Cash 3 573 3 867 4 001 4 223
Dwelling 1 483 2 889 1 446 2 784
Recreational property 797 1 112 878 1 210

Source: Statistics Norway

Figure 1. Inheritance tax of taxable inheritance and gifts
Figure 1. Inheritance tax of taxable inheritance and gifts

The value of taxable inheritance amounted to just over NOK 22 billion in 2012, while NOK 10 billion was gifts . Residential property accounted for over 65 per cent of the taxable inheritance, while cash amounted to 24 per cent. Forty-one per cent of those who inherit residential property also inherit debt.

Average inheritance of NOK 1 316 000

Average taxable inheritance amounted to NOK 1.3 million in 2012. This is a decrease of about 2 per cent from the previous year. Average taxable gifts also amounted to NOK 1.3 million.

Waiver

Sixteen per cent of those who received taxable inheritance requested a waiver in favour of the next in line. On average, the waiver was NOK 622 000. An heir may fully or partially waive his legacy. New receivers affect the calculation of inheritance tax. By distributing the inheritance over more receivers, the tax-free amount and the progressive tax rates reduce the inheritance tax.

Possession date and decision dateOpen and readClose

The statistics present figures for both possession date and decision date. Possession date is the date on which the recipient takes possession of the inheritance/gift. Decision date is the date the tax collector decides on taxes in the specific cases. The statistics do not cover estates in which the tax basis is under the tax-free amount or public administrated estates. A recipient is liable for taxation for inheritance or gifts to a value below NOK 470 000 if he or she has received an inheritance or gift from the same donor in the past and the overall value exceeds the tax-free amount. A recipient may have received parts of one object, more than one unit of one type of object or a multiple number of different types of objects. Advances on the inheritance are considered as gifts.