Inheritance tax and inheritance law in Ecuador
Taxation Researcher | October 05, 2021
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$ | |
| Up to US$58,680 | |
| US$58,680 - US$117,380 | |
| US$117,380 - US$234,750 | |
| US$234,750 - US$352,130 | |
| US$352,130 - US$469,500 | |
| US$469,500 - US$586,880 | |
| US$586,880 - US$704,250 | |
| Over US$704,250 | |
| Source: Global Property Guide | |
Inheritance by minor children (below 18 years of age) and disabled children are exempt from inheritance tax.
INHERITANCE TAX 2011 |
|
| TAX BASE, US$ | |
| Up to US$58,680 | |
| US$58,680 - US$117,380 | |
| US$117,380 - US$234,750 | |
| US$234,750 - US$352,130 | |
| US$352,130 - US$469,500 | |
| US$469,500 - US$586,880 | |
| US$586,880 - US$704,250 | |
| Over US$704,250 | |
| Source: Global Property Guide | |