Ecuador

Property Inheritance

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Inheritance tax and law

January 08, 2014

The Global Property Guide looks at inheritance from two angles: taxation, and what inheritance laws apply to foreigners leaving property in Ecuador: what restrictions there are and whether making a will is advisable.

INHERITANCE TAX


How high are inheritance taxes in Ecuador?


INHERITANCE TAX (impuesto sobre la renta sobre herencias, legados y donaciones)

Inheritance tax is levied at progressive rates, and different rates apply for different categories of heirs.

In determining the taxable inheritance, specific deductions are allowed such as funeral expenses of the deceased, debts and taxes owed by the deceased.

INHERITANCE TAX 2011 FOR DIRECT DESCENDANTS AND ASCENDANTS
TAX BASE, US$
TAX RATE
Up to US$58,680
0%
US$58,680 - US$117,380
2.50%
US$117,380 - US$234,750
5.00%
US$234,750 - US$352,130
7.50%
US$352,130 - US$469,500
10.00%
US$469,500 - US$586,880
12.50%
US$586,880 - US$704,250
15.00%
Over US$704,250
17.50%
Source: Global Property Guide

Inheritance by minor children (below 18 years of age) and disabled children are exempt from inheritance tax.

INHERITANCE TAX 2011
FOR OTHER HEIRS
TAX BASE, US$
TAX RATE
Up to US$58,680
0%
US$58,680 - US$117,380
5%
US$117,380 - US$234,750
10%
US$234,750 - US$352,130
15%
US$352,130 - US$469,500
20%
US$469,500 - US$586,880
25%
US$586,880 - US$704,250
30%
Over US$704,250
35%
Source: Global Property Guide

Ecuador - More data and information

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