Inheritance tax is imposed as a percentage of the value of a decedent's estate transferred to beneficiaries by will, heirs by intestacy and transferees by operation of law. The tax rate varies depending on the relationship of the heir to the decedent.

Pennsylvania inheritance tax is due within 9 months of a person’s date of death on the value of most assets owned by the decedent and passed on to his or her beneficiaries. There are exceptions and assets not subject to Pennsylvania inheritance tax.

To get the deed or title transferred you paid a fee to the state or county…a transfer tax. The Pennsylvania Inheritance Tax is a transfer tax on the transfer of assets from the deceased Pennsylvanian (or someone with Pennsylvania real estate) to the new owner.

Inheritance tax becomes due at death and must be reported and remitted before nine months pass from the date of death. If payment is made within three months of the date of death, a 5 percent discount of the tax paid or the tax due, whichever is less, applies. What property is subject to inheritance tax?

Jul 28, 2024 · In this comprehensive guide, we’ll cover everything you need to know about the Pennsylvania inheritance tax, including how it works, current tax rates, exemptions, and strategies for minimizing your tax liability.

Oct 30, 2024 · Learn about Pennsylvania's inheritance tax, including exemptions, tax rates for heirs, and how irrevocable trusts and beneficiary designations can impact your estate plan.

Jul 26, 2022 · Pennsylvania Inheritance Tax Rates are based on relationship. Spouses are “taxed” at 0%. Children, grandchildren and parents of decedents are taxed at 4.5%.