Inheritance tax (discontinued), 2006

8 900 persons received taxable gifts and advance on inheritance in 2006. This is 3 000 persons fewer than in the previous year. Part of the decrease can probably be explained by the adjustment to new tax regulations on shares and unit trusts from 2006.

Average inheritance of NOK 763 000

Taxable inheritance made up NOK 13.2 billion, and taxable gifts NOK 6.7 billion. The average inheritance was NOK 763 000, and the average gift was NOK 750 000. Of all those who received inheritance or gifts, 20 per cent received values of more than NOK 1 million.

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 or gift. 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. 2003-2006. 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. 2005-2006
• Table 3 Taxable inheritance and gifts according to size of respectively inheritance and gifts. Number of recipients, inheritance and gifts and per cent. Possession date. The whole country. 2006.