Code:
Value of Assets 300,000.00 € (including 'ajuar')
Scenario 1: Spouse and Children Inherit on First Transfer. Children on Second
First Transfer
Percentage to be transfered 26% 78,000.00 €
Heir Share Allowance Taxable Amount Tax Percentage Total Tax
Spouse 19,500.00 € 15,956.87 € 3,543.13 € 7.95% 271.05 €
Children 1 19,500.00 € 15,956.87 € 3,543.13 € 7.95% 271.05 €
Children 2 19,500.00 € 15,956.87 € 3,543.13 € 7.95% 271.05 €
Children 3 19,500.00 € 15,956.87 € 3,543.13 € 7.95% 271.05 €
Second Transfer
Percentage to be transfered 32.50% 97,500.00 €
Heir Share Allowance Taxable Amount Tax Percentage Total Tax
Children 1 32,500.00 € 15,956.87 € 16,543.13 € 9.35% 1,343.00 €
Children 2 32,500.00 € 15,956.87 € 16,543.13 € 9.35% 1,343.00 €
Children 3 32,500.00 € 15,956.87 € 16,543.13 € 9.35% 1,343.00 €
Total 5,113.20 €
Scenario 2: Spouse Inherits on First Transfer. Children on Second
First Transfer
Percentage to be transfered 26% 78,000.00 €
Heir Share Allowance Taxable Amount Tax Percentage Total Tax
Spouse 78,000.00 € 15,956.87 € 62,043.13 € 13.60% 6,536.49 €
Second Transfer
Percentage to be transfered 52% 156,000.00 €
Heir Share Allowance Taxable Amount Tax Percentage Total Tax
Children 1 52,000.00 € 15,956.87 € 36,043.13 € 11.05% 3,303.63 €
Children 2 52,000.00 € 15,956.87 € 36,043.13 € 11.05% 3,303.63 €
Children 3 52,000.00 € 15,956.87 € 36,043.13 € 11.05% 3,303.63 €
Total 16,447.38 €
Scenario 1 is clearly more favourable. On the first transfer, heirs would pay less than €300 each.
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