Inheritance Tax, Gift Tax and Real Estate Transfer Tax in the Czech Republic

Radim Boháč

Abstract


This paper is a summary of the legal regulation of transfer taxes in the Czech Republic. Transfer taxes are direct property taxes which tax the transfer of property. The inheritance tax is collected in connection with the transfer of a dead person’s property. Property which is donated to somebody is liable to the gift tax. The real estate transfer tax is collected for the transfer of immovable property. These taxes have been a part of the Czech tax system for 16 years. The European Union doesn´t lay down the conditions for assesssing transfer taxes and member states have a free hand in this area.

Keywords


inheritance tax; gift tax; real estate transfer tax; transfer of property

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"Societal studies" ISSN online 2029-2244 / ISSN print 2029-2236