What is Inheritance tax?

Inheritance tax is a tax imposed on people who inherit property. ‘death taxes’ or ‘death duties’ no longer exist under New Zealand

Inheritance tax is a tax imposed on people who inherit property.

While the Estate must pay tax on any income earned, ‘death taxes’ or ‘death duties‘ no longer exist under New Zealand tax law. (They were officially abolished in 1993) This means that there is no tax to be paid on inheritance by beneficiaries.

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