Lebanon: Inheritance
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Last Updated: Dec 02, 2007
Inheritance tax and law
Inheritance taxes are levied at progressive rates depending on the degree of kinship between the deceased and the heir. The lowest rates apply to the deceased’s children, higher rates apply to parents and other close relatives, and the highest rates apply to distant relatives and other persons not related to the deceased.
INHERITANCE TAX |
|
| TAX BASE, LBP (US$) | TAX RATE |
| Up to 30 million (US$19,491) | 3% - 16% |
| 30 million – 60 million (US$38,982) | 5% - 21% |
| 60 million – 100 million (US$64,970) | 7% - 27% |
| Over 100 million (US$64,970+) | 10% - 33% |
The inheritance tax is levied on each heir’s net inheritance. The table inheritance is the gross estate less expired or irrecoverable debts, debts of the deceased, debts related to the estate, and burial expenses.
Each heir may be entitled to a tax-exempt amount, depending on the heir’s relationship to the deceased:
TAX EXEMPTION |
|
| RELATIONSHIP TO THE DECEASED | TAX EXEMPTION, LBP (US$) |
| Child, spouse or parent | 40 million (US$25,988) |
| Other descendants | 16 million (US$10,395) |
| Other persons | 8 million (US$5,198) |
Lebanon - more data and information
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Your Comments
posted by Danny Nouh | 2007-07-19
Commercial Manager, Sydney
Hi, If we have inherited land that also has other heirs that we cannot find, how do we go about registering the land in our name. What are the steps and the expenses that we must go through before the land is registered in our name. Many Thanks Danny
posted by Danielle Lavigne | 2008-03-27
business, sudbury, canada
My husband and I own land and a house in Lebanon. We are both living in Canada and going through a divorce. What is the law in regards to selling the house and land in Lebanon and sharing the profits.