How high are inheritance taxes in Czech Republic?
No inheritance tax is payable by direct relatives or spouses. Otherwise, inheritance tax is payable by the heirs. Subject to certain exemptions, inheritance tax is chargeable on the net value of all assets, except real estate abroad (if the deceased was a Czech citizen with permanent residence in the Czech Republic). Otherwise, inheritance tax is chargeable only on assets located in the Czech Republic. Gift tax is charged on the gratuitous acquisition of property. The taxpayer is normally the donee, but if the donor is Czech resident and the donee is not, the tax is payable by the donor.
