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But before the end of 2005, provides the former Russian Federal Law "On Tax on property rolling by inheritance or gift. " Hence, if the testator died or declared dead by the courts until January 1, 2006, the inheritance tax paid. But when it comes to apartments, cottages, garden houses and residential homes, the amount of tax is reduced by the amount of personal property tax payable for the specified objects until the end of the year. That is, the amount to 2% of the value of property in accordance with the rate in force in the municipality where the person resides. Within fifteen days after the issuance of a certificate of inheritance right (by law or by will) directs the notary to the tax authorities information about the cost of property transferred to the ownership of citizens. Property worth less than 850-fold of the statutory minimum monthly wage (equivalent to – 100 rub.) Are not taxed.
When you inherit property value of more than 850 times the minimum wage is taxed at 5 to 40% depending on the value of the property and the degree of kinship (see Federal Law 'On the succession tax, gift'). Spouses do not pay tax, heirs, who lived with the testator on the opening day of the inheritance and some other categories of citizens. The heirs are responsible for the debts of the testator. When several such persons, they do so jointly, each – in to the value of the property passed to him.