DISPOSITION OF CONTRIBUTION IN CASE OF DEATH – TAX ISSUES

Abstract

The acquisition of rights to a savings contribution on the basis of an instruction
in case of death is taxable. The tax obligation lies with the purchaser of property
rights, it means the beneficiary, and arises upon the death of the contributor. However,
the beneficiary will be exempt from tax if he reports the acquisition of the right to the
competent head of the tax office within six months from the date of the tax obligation.