Inheritance tax rates is very important to consider when you make a property investment in a foreign country. It should not be ignored and must be a part in any future citizenship and residence planning. This is because when you pass away, the property must passed down to family beneficiaries without taxes.

First you should know inheritance tax, Inheritance tax should not be confused with ‘estate’ tax. Both estate and inheritance taxes are triggered upon death. The basic difference is  Estate tax  upon death on the entire property, while Inheritance tax applies only the on the inheritance received as a part of your share.

Careful many countries impose heavy inheritance taxes. This is where zero tax countries come into play. When you invest in a real estate property for golden visa, it is absolutely essential you check for inheritance tax rates. In many countries, it is paid by both residents and non-residents.

The countries that offer golden visa programs has the following  inheritance rates.

 Inheritance Tax
Greece1% to 10% – Tax free upto €150,000
SpainInheritance up to €7,993: 7.65%
€7,993 – €31,956: 7.65 to 10.2%
€31,956 – €79,881: 10.2 to 15.3%
€79,881 – €239,389: 15.3 to 21.25%
€239,389 – €398,778: 25.5%
€398,778 – €797,555: 29.75%
€797,555+: 34%
United Kingdom40% standard rate
United States40%
New Zealand0%
Bulgaria0.4 % to 0.8 % upto BGN 250,000
3,3% and 6,6 % above BGN 250,000
Turkeyupto 30%

You can see from the above why Portugal, Malta, Canada, Australia are so attractive for real estate investments for the future of your family because these countries levy zero inheritance tax.

The Caribbean countries may also be attractive for real estate investment for citizenship by investment, as there is no capital gains tax, no income tax, no inheritance / estate taxes.

High Inheritance Tax

CountryTop Rate to Lineal HeirTax Type
Japan55%Inheritance Tax
South Korea50%Inheritance Tax
France45%Inheritance Tax
United Kingdom40%Inheritance Tax
United States40%Estate Tax
Ecuador35%Inheritance Tax
Spain34%Estate Tax
Ireland33%Capital Acquisitions Tax
Belgium30%Inheritance Tax
Germany30%Inheritance Tax
Chile25%Estate Tax
Venezuela25%Inheritance Tax
Bermuda20%Estate Tax via Stamp Duty
Greece20%Inheritance Tax
Netherlands20%Inheritance Tax
Philippines20%Estate Tax
South Africa20%Estate Duty
Finland19%Inheritance Tax
Angola15%Inheritance Tax
Denmark15%Inheritance Tax
Lebanon12%Inheritance Tax
Malawi11%Estate Duty
Cameroon10%Estate Tax
Equatorial Guinea10%Inheritance Tax
Iceland10%Inheritance Tax
Puerto Rico10%Estate Tax
Taiwan10%Estate Tax
Turkey10%Inheritance Tax

Low Inheritance Tax

Brazil8%Estate Tax
Poland7%Inheritance Tax
Switzerland7%Inheritance Tax (cantonal)
Aruba6%Inheritance Tax
Curacao6%Inheritance Tax
Guatemala6%Inheritance Tax
Sint Maarten6%Inheritance Tax
Botswana5%Capital Transfer Tax
Croatia5%Estate Tax
Zimbabwe5%Estate Tax
Italy4%Inheritance Tax
Guinea3%Inheritance Tax
Senegal3%Inheritance Tax
Mozambique2%Inheritance Tax
Jamaica2%Transfer Tax (rates specific to death)
Bulgaria1%Inheritance Tax

Zero Inheritance Tax

Lithuania0%Inheritance Tax
Luxembourg0%Inheritance Tax
Macedonia0%Inheritance Tax
Morocco0%Estate Tax
Serbia0%Inheritance Tax
Slovenia0%Inheritance Tax
Tunisia0%Inheritance Tax
Hungary0%Inheritance Tax
Hong Kong0%
New Zealand0%
Slovak Republic0%

Sources: Tax Foundation


In Europe, only few states have zero inheritance tax according to European commission report. You can compare here inheritance, gift, wealth and estate taxes in EU member states in one place.

Inheritance Tax in Europe

Source: European Commission