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May 29, 2012

Inheritance tax and law


INHERITANCE


Inheritance tax was abolished in Egypt in 1996.

A flat rate of 2.5% of the gross proceeds is levied on sales of real estate or building sites, within the boundaries of Egyptian cities. This tax applies even on transfers of property to spouses, descendants, and ancestors.

     





Comments

#1 DALIA IBRAHIM | March 16, 2010

My husband was a moslim austrian , he left a land in Egypt . He had 4 brothers and 2 sisters (all are Egyptians) besides me and a daughter will this land be distributed among the inheritors according to Al Shar3 or the Ausrtian law will be applied .

#2 MANAR BELEDY | June 30, 2010

My husband is swiss Muslim and has a villa in Egypt, I am Egyptian and have a boy and a girl from him. he has another boy and a girl from previous marriage who are not muslims, which inheritance law would apply, the swiss or the Egyptian?

#3 ABRAHIM | August 08, 2010

I am a Egyptian man who has to American daughters.If I leave them money when I pass away will they pay taxes on that inheritance in Egypt and America and how much?

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