Probate tax

Probate tax – this legal term is used in the sphere of Tax Law. It details a tax, charged on the total value of accepted inheritance pot. It is not an outstanding debt at the time of death of the testator or the ancestor, but a specific tax rising at the moment where a heir accepts the probate assets (i.e. benefits themselves). If the heir who has accepted validly their part of the inheritance, refuses to pay the probate tax, then the authorities may collect it from the inheritance. There are possibilities for the heir to refuse to accept the inheritance pot in specific cases, in order to avoid paying probate taxes.

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