84080_not-searchable
/en/inntekt-og-forbruk/statistikker/arv/aar
84080
Increased number of recipients and amount
statistikk
2012-08-28T10:00:00.000Z
Income and consumption
en
arv, Inheritance tax (discontinued), inheritance, gifts, recipientsPersonal tax, Income and consumption
false

Inheritance tax (discontinued), 2010

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

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Increased number of recipients and amount

The number of recipients of taxable inheritance and the inheritance value increased from 2009 to 2010. There was also an increase in the number of gifts of high value in this period. New for inheritance tax statistics for 2010 is that inheritance and gifts are specified by the type of objects.

The inheritance tax statistics for 2010 include type of objects, not just the number of recipients and the value of what has been inherited or given as gifts. Cash, holiday homes and residential properties are the most common items to be inherited or received as gifts.

Residential properties make up half of the inheritance

The value of residential properties accounts for nearly 60 per cent of the tax basis for inheritance recipients in 2010, while cash accounts for 25 per cent. Residential properties account for 30 per cent of the tax basis for recipients of gifts, while cash constitutes 39 per cent. 32 per cent of the recipients inherited different types of debt, while 17 per cent of those who received taxable inheritance requested a waiver in favour of the next in line.

Higher number of recipients with higher amounts

There were fewer recipients of gifts of a value less than NOK 800 000 in 2010 than the year before. However, there was almost 6 per cent more recipients of inheritance and gifts to a value between NOK 800 000 and NOK 1 million. More than one in three of the recipients received between NOK 1 and 2 million in inheritance or gifts. Gifts with a value of NOK 2 million have risen by almost 13 per cent in terms of the number of recipients and the value of the objects. The growth in average inheritance is largely due to the growth in the value of heritage over NOK 2 million. The average legacy amounted to NOK 1.4 million in 2010.

About the statistics

The statistics present figures for both possession date and decision date. Possession date is the date on which the recipient takes possession of the inheritance/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. A recipient is liable for taxation for inheritance or gifts to a value below NOK 470 000 if he or she has received an inheritance or gift from the same donor in the past and the overall value exceeds the tax-free amount. A recipient may have received parts of one object, more than one unit of one type of object or a multiple number of different types of objects.

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