How high are inheritance taxes in Greece?
Inheritance tax is levied by the state. The tax is imposed not on the estate of the deceased, but on the beneficiaries in respect of their share of the estate. The liability for the tax arises at the time of death. The inheritance tax is based on the fair market value of the share of each beneficiary at the time of death. Expenses such as funeral expenses, the deceaseds debts and expenses for the care of the deceased are deductible from the inheritance. Heirs are divided into three categories depending on the degree of kinship with the deceased. Category I includes spouses, children, grandchildren and parents. Category II includes grandparents, brothers, sisters, stepbrothers, stepsisters, foster parents, in-laws and children from husbands previous marriage. All other beneficiaries that are not included in categories I and II are included in category III. Inheritance tax is levied at progressive rates. These rates apply to inheritance of Category I and II heirs excluding inherited real
