Macedonia Home Europe Macedonia Inheritance Will in Macedonia More MK × Macedonia Financial Overview Overview Market in Depth Rental Yields Income Tax et al Tax Example Taxes if Resident Buying Guide Landlord and Tenant Property Inheritance Country Statistics Property Investments Key Contacts Accountants Lawyers Real Estate Agents Inheritance tax and inheritance law in Macedonia November 19, 2012 Inheritance tax is levied on the market value of the inheritance received by beneficiaries. The beneficiary is liable to pay tax on the inheritance received. Debts and expenses are deductible from the taxable value. Inheritance tax is levied on all immovable properties transferred by succession or as gifts. Other inheritances and gifts may be taxable if its market value exceeds the annual average salary in Macedonia for the year before. The rate depends on the order of succession. Beneficiaries who are first degree relatives are not taxed. Those who are second degree relatives are taxed at 2% to 3%, and all others are taxed at 4% to 5% rate. The municipalities where the properties are located determine the exact applicable inheritance tax rate. Macedonia - More data and information How high is income tax on residents in Macedonia? Comments Be the first to comment on this article! Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.