Annually updated exemption amounts and a progressive tariff apply, and heirs must file a return within statutory deadlines after the date of death. It should be considered when planning share transfers in family companies.
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Related terms
Family constitutionA shared document in family businesses that governs relationships between family, business and ownership, and the rules for family members working in the company, joining management and transferring shares.Tax returnThe official document in which a taxpayer reports the tax base and the tax calculated to the tax administration.ValuationEstimating the monetary value of a company, share, asset or liability at a specific date and for a specific purpose.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: November 8, 2026 · This definition is for general information only.