Inheritance tax, here's when you can pay in installments

Does inheritance tax have to be paid in one lump sum or can it be paid in instalments? When you inherit you must pay inheritance tax.
In some cases it is expected to exceed very high amounts, in others it must be paid even for smaller assets.
In any case, the tax to be paid when the inheritance succession opens can also be a real drain.
Inheritance tax is a tax that has had a rather troubled history in Italy: introduced in 1972, it was abolished in 2001 and then reintroduced in 2006 with some small adjustments compared to the original form.
The rate on which it is calculated varies from 4% to 8% and the deductibles are different based on the degree of kinship of the person inheriting.
For spouses and children there is a 4% rate which applies only to amounts exceeding one million euros.
For brothers and sisters of the deceased the rate is 6% on amounts exceeding 100,000 euros for each beneficiary, while for all other relatives of the deceased up to the fourth degree a rate of 6% is applied to all inherited assets, without any deductible.
For all other subjects other than those listed so far, the rate is 8% without deductible.
The disabled heir, whatever his degree of kinship with the deceased, finally pays the deductible corresponding to the degree of kinship, but only on amounts that exceed one and a half million euros.
Payment of inheritance tax in installments Inheritance tax and need for payment in installments Inheritance tax: amounts over 1,000 euros The number of installments for inheritance taxes Inheritance tax: the F24 form Inheritance tax and need for payment in installments It seems clear, therefore, that even on assets that are not too large, those who do not have a close degree of kinship with the deceased find themselves paying inheritance tax which can also be quite high.
Can the taxpayer pay the amount in several installments? It's a question that many people have asked themselves: the answer, however, is not univocal.
The amount that must be paid determines how the inheritance tax must be paid: when you know the final sum to be paid, you will be able to know whether or not it is possible to pay the balance in installments.
The Consolidated Law on Provisions Relating to Inheritance and Donation Tax specifically defines the provisions that regulate this tax.
The legislation provides that it is possible to pay in twelve quarterly installments, in the event that the sum to be paid exceeds 20,000 euros.
But let's go into a little more detail and find out what the legislation provides for the lower tax amounts.
Inheritance tax: amounts over 1,000 euros Inheritance tax can be paid in installments.
However, not all taxpayers have the opportunity to access this benefit.
Amounts less than 1,000 euros must be paid in a single payment.
The Revenue Agency's online magazine FiscoOggi returned to this topic, responding to a question posed by a taxpayer.
To understand how people should behave when they have to pay inheritance tax, it is necessary to read article 38 of Legislative Decree no.
246 of 1990, better known as the Consolidated Law on the provisions concerning inheritance and gift tax.
The rules contained therein provide, in fact, that amounts lower than 1,000 euros must be paid in a single payment.
If the sum, however, exceeds this amount, taxpayers have the possibility of opting for the installment solution.
The first installment is fixed and must be paid no later than sixty days from when the payment notice was notified.
At least 20% of the total amount must be paid by this date.
The remaining part can be paid in quarterly installments.
Let's take a practical example: the settlement notice requires the payment of 2,000 euros and a payment of 400 euros must be made within two months.
The remaining 1,600 euros can be paid in convenient instalments.
The number of installments for inheritance taxes The legislation also provides very clear indications on the number of installments into which the payment can be divided.
The rules change based on the amount that must be paid: in the event that the inheritance tax is greater than 1,000 euros, but less than 20,000 euros, the part that exceeds 20% can be paid in 8 quarterly instalments; in the event that it is necessary to pay more than 20,000 euros, the quarterly installments can reach 12.
To find out the deadline by which it is necessary to pay the installments, the day following the one in which the payment was made must be taken as a reference.
first payment.
The quarter will expire on the ninetieth day.
Furthermore, the related interest must be paid.
Inheritance tax: the F24 form Inheritance tax must necessarily be paid with an F24 form.
The tax codes that were indicated when completing the form and which derive directly from the presentation of the inheritance declaration must be used.
Any sequences of numbers and letters must also be indicated following receipt of the payment notices from the tax offices.
The information we have provided up to this point is contained in circular no.
16 of 2016 issued by the Revenue Agency.
The taxpayer who must make a payment linked to a payment notice must use the following tax code: A147 – Inheritance – Inheritance tax – Tax payment notice.
The citizen who does not pay the initial 20% of the inheritance tax or one of the quarterly installments within the deadlines we have just seen will automatically lose the installment plan.
At this point, the debt will be registered and the related penalties and interest will have to be paid.
read also Inheritance tax on immovable and movable property: what it is, calculation and when it is paid