Inheritance tax question

alexcal Image
09/24/2010 - 05:23

hi, i have posted this question in legal group then found this group which is probably more suitable. i'm trying to calculate the amount of inheritance tax i am liable for on a property worth €50.000 left to me by my mother in sicily, the rates are available from internet but what i can't work out is if there is a threshhold amount before rates apply simililar to this country. it would be very helpful if someone could give me a rough idea of how much iheritance tax i should have to pay on this property. also, the above is a catastal value which i understand differs from the sale value - is inhertance tax calculated on catastal value or selling value? thanks

Comment