Taxes on inheritance or donated property are reduced



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“The fees for the Records Center should be such that the services they need are available to all residents. This is especially relevant for socially sensitive population groups. It can’t be when the taxes on a will or other inherited property are almost equal. to its value, ”says Elvinas Jankevičius, Acting Minister of Justice.

From October 1. The fees introduced by the Records Center increase significantly in cases where low-value real estate property is recorded. For example, until October 1. The property registration in 15 inherited 15 small objects (5300 euros) costs 46 euros, and as of October 1. – EUR 258

“Since the tax for a person increases significantly when registering the property right on a low-value property, such as an old house, outbuildings, other buildings, we have to correct such flawed regulation,” says E. Jankevičius. “Lower” ceilings “will be set for shares, leading to lower remuneration.”

Currently, there is a lower fee for registering property for various inherited properties; only one of them has to be paid for registration.

After inheriting a house and outbuildings, a person must register ownership of this property with the Records Center. Regardless of the number of properties, the legalization of all inherited buildings would cost the same: 32.63 euros. For example, if you inherit a house with 4 additional buildings, this amount would decrease almost 4 times: from the current amount of 119 euros to 32.63 euros. If it were 10 properties, the registration fee of € 224.78 would be reduced approximately 7 times.

The validation of the deed would also have a fixed cost of € 19.22. Currently, the validation of a certificate for 5 buildings costs three times more per person – 63.34 euros, and 10 properties – almost 6 times – 118.49 euros.

There will also be a significant reduction in costs for those who register joint ownership of inherited or donated real estate. The total amount is expected to be distributed equally to each co-owner.

For example, if 3 co-owners wanted to legalize 3 inherited buildings, each would have to pay three times less; Instead of the current € 76.14, the cost would be reduced to € 25.38. In this situation, the registration service for a certificate of inheritance right would decrease by the same amount. Each of the 3 people with the right to inherit instead of the one currently set at € 228.42 would pay € 76.14.

The proposed changes will help better address situations where inherited or donated property remains with members of the same family, but their registration amounts increase multiple times. You will also avoid an increase in registration fees for ownership of the same item.

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