2007 Changes in inheritance and donation tax law

On 1st January 2007 came into force new regulations regarding tax settlements with tax offices in a scope of inheritance and donation tax law

This act enforced following exemption from inheritance and donation tax:

1. Subjective exemptions:

Who doesn't pay tax: the closest family - a spouse, children, grandchildren, great-grandchildren, parents, grandparents and brother and sister, stepchild, stepfather, stepmother - regardless of the value of inheritance, donation or other increments.

The taxpayer - a donator, an heir, etc. - will be entitled to exemption on condition that he will notify the respective tax office within one month period of time from rising a tax obligation.

2. Objective exemptions

Exempted from tax is housing share for flat in a housing co-operative acquired by heirs from I and II tax group as an inheritance.

Additional novelty is a right to all exemptions for all EU and European Economic Area (EEA) citizens

The above mentioned act eliminated some exemptions and included in scope of taxation:

  • assignment of an account in a building society for own children
  • obtaining a company or its part by a spouse, children, grandchildren, great-grandchildren;
  • receiving by a businessman machines, devices and implements from abroad,
  • buildings in a part witch is occupy by a third person paying regulated rent on the basis of a lease contract

There is new punitive tax rate - 20% - for omission to notify a donation in a fixed time, payable if the taxpayer claims that such an agreement has been concluded.

Kancelaria Prawna 90-060 Łódź, ul. Nawrot 4/1, tel./fax +48 /42/ 630 58 41, tel. +48 /42/ 632 51 44,
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