Inherit/gift tax in NL

[mikestachurski]

Hi,

If I am NL tax resident but my dad who never lived in NL / never was tax resident in NL will pass away and I will inherit 'wealth' after him or if he decides to give it to me while he still lives, will I have to pay wealth tax in NL? Ultimately, it would be a gift from a none resident so wouldn't his home country's law apply? Any ideas?

 

[Konstanz]

this is what NL tax lawyer could answer. It depends were this wealth is located, double tax treaties etc

 

[mikestachurski]

Konstanz said:
this is what NL tax lawyer could answer. It depends were this wealth is located, double tax treaties etc
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Yeah before I will go and pay them I would like to get 'informal' POVs. All the wealth that would be inherited / gift is located outside NL in Eurozone area.

 

[Mr Gus]

You will pay no inheritance tax in the Netherlands for the situation you mentioned above. However if your dads country has inheritance tax you might have to pay it there.

But you will have to pay wealth tax in the Netherlands.

 

[TheCryptoAnt]

You could consider moving his state to a trust/foundation and 'inherit' that
Depends on the amount of wealth tho this things aint cheap

 

[mikestachurski]

Mr Gus said:
You will pay no inheritance tax in the Netherlands for the situation you mentioned above. However if your dads country has inheritance tax you might have to pay it there.

But you will have to pay wealth tax in the Netherlands.
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So as I thought no inherit tax for me in NL as he is not a tax resident (never was). In PL where I am from and he lives the inherit tax in first line of relation e.g. father to son etc. is 0%.

 

[Mr Gus]

mikestachurski said:
So as I thought no inherit tax for me in NL as he is not a tax resident (never was). In PL where I am from and he lives the inherit tax in first line of relation e.g. father to son etc. is 0%.
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Yes so it should be 0% in both

 

[mikestachurski]

Mr Gus said:
Yes so it should be 0% in both
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Thank you for sharing your thoughts