9268_not-searchable
/en/inntekt-og-forbruk/statistikker/arv/aar
9268
Larger gifts
statistikk
2005-07-01T10:00:00.000Z
Income and consumption
en
arv, Inheritance tax (discontinued), inheritance, gifts, recipientsPersonal tax, Income and consumption
false

Inheritance tax (discontinued)2003

In 2013, it was decided to abolish inheritance tax with effect from 1 January 2014. This is the final release of inheritance tax statistics.

Content

Published:

This is an archived release.

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Larger gifts

As of 1 January 2003 the tax-free amount for inheritance and gifts was raised to NOK 250 000. As a result there has been a reduction in the number of people who inherit more than the tax-free amount. The number of people who received gifts above the tax-free amount in 2003 remained unchanged from 2002, but more people received gifts worth NOK 1 million or more.

When the tax-free amount was raised by NOK 50 000 to NOK 250 000 the threshold for higher tax was set to NOK 550 000.

Basis for inheritance tax: inheritance and gifts

Taxable inheritance amounted to NOK 10.4 billion in 2003. Each inheritor received an average of NOK 675 000.

In comparison, taxable gifts amounted to NOK 5 billion. Each inheritor received an average of almost NOK 702 000. 1 100 persons received gifts worth NOK 1 million or more, an increase of 50 per cent compared with 2002.

Inheritance tax

Inheritance and gifts generated NOK 1.3 billion in taxes in 2003. This is approximately the same as in 2002. Every inheritor paid an average of NOK 57 000 in tax, while recipients of gifts paid an average of NOK 59 000. Tax on gifts accounted for roughly one third of the total inheritance tax.

About the statistics basis

The statistics present figures for both possession date and decision date. Possession date is the date on which the inheritor takes possession of the inheritance/gift, and decision date is the date the tax collector decides on the amount of tax to be paid. The statistics do not cover estates in which the tax basis is under the tax-free amount or public administrated estates.

          To children/parents             To others
Of the first NOK 250 000 No tax No tax
Of the next NOK 300 000 8 per cent 10 per cent
Of excess amount 20 per cent 30 per cent

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