Inheritance tax (discontinued), 2004

More than 40 per cent of all the receivers of gifts or inheritance received between NOK 250 000 and NOK 550 000. Every sixth receiver received an inheritance or gift of NOK one million or more.

More than NOK one billion in taxes

16 400 persons received taxable inheritance in 2004. The average taxable inheritance was NOK 709 100, generating NOK på 65 600 of inheritance tax. Total inheritance tax increased by 23 per cent from 2003, amounting to NOK 1 076 million in 2004.

Bigger gifts

7 800 persons received taxable gifts (advance on inheritance) in 2004. They received an average of NOK 739 000, generating taxes of NOK 67 200. In 2003 the average size of taxable gifts was NOK 701 900. Taxes on gifts increased by 26 percent from 2003, resulting in NOK 524 million in taxes in 2004.

About the statistics basis

The statistics presents figures for both possession date and decision date. Possession date is the date on which the recipient takes possession of the inheritance/gift, and 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.

The taxable amount was changed effective of 1 January 2003 to NOK 250 000.

Tables:

• Table 1 Number of recipients of taxable inheritance and gifts, tax basis and total inheritance tax, by possession date. The whole country. 2001-2004. NOK million
• Table 2 Number of recipients of taxable inheritance and gifts according to size of respectively inheritance and gifts. Possession date. The whole country. 2003 and 2004