Tax obligations arise during the transfer or assignment of inheritance. Therefore, tax issues have an important place in inheritance law. In Turkey, tax regulations regarding inheritance law are determined by various legal regulations such as the Tax Procedure Law and the Turkish Civil Code.
During the transfer or conveyance of an inheritance, the tax liabilities of the inheritance are first determined. The tax liabilities of the inheritance are calculated as of the date the inheritance is transferred. The type and amount of taxes payable during the transfer of the inheritance depends on the value of the inheritance, the number of heirs and the distribution of the inheritance. In particular, the value of the inheritance may also determine the tax status of the person to whom the inheritance is transferred.
In the division of the inheritance, the value of the inheritance and the number of heirs are taken into account. Tax liabilities are also calculated during the division of the inheritance. The taxes payable during the division of the inheritance depend on the value of the inheritance, the number of heirs and the distribution of the inheritance.
The calculation and payment of taxes due during the transfer and division of the inheritance is usually carried out by a financial advisor or tax expert. These experts may use various methods to determine the tax liabilities of the inheritance.
As a result, tax issues are very important in inheritance law. It is important that tax liabilities are correctly calculated and paid during the transfer and sharing of the inheritance. Therefore, working with a tax expert or financial advisor in inheritance law matters can help to accurately determine the tax liabilities of the inheritance.