Example: how a tax refund is used on an inheritance tax

In this example, an individual taxpayer must pay an inheritance tax that falls due on 1 July, and the taxpayer’s tax-refund date is 3 August.

The following is an illustration of what happens when he or she pays the tax on its due date 1 July, and at the same time, the Tax Administration is using the refund on the tax.

  • 1

    The end date of your income tax assessment is in June

  • In this example, your tax decision indicates that you will receive €1,000 as a refund, and the date when the refund will arrive is 3 August.
  • 2

    The due date of the inheritance tax is 1 July

  • Let us assume that the amount is €600. It falls due for payment on 1 July.

    You can see the inheritance tax amount and due dates in your tax decision.
  • 3

    On 1 July, part of your refund is used on the inheritance tax

  • The Tax Administration uses part of your refund on the inheritance tax on 1 July although you made a payment on the due date.

    The inheritance tax (€600) falling due on 1 July is fully settled by the tax refund. After that, €400 remain. This amount is transferred to your bank account on your tax refund date, i.e. on 3 August.
  • 4

    Your payment will be used on the next instalment of inheritance tax

  • However, if your inheritance tax consists of only one instalment, the Tax Administration will send the payment back to you in a week.
  • 5

    You will find a summary of your payment status in MyTax in August. The summary shows how your refund was used.

  • In addition, a paper summary will be sent to you by letter if you have not enabled Suomi.fi Messages.

    Read more about the summary.
  • 6

    You receive your refund on 3 August

  • After the Tax Administration used part of the refund on your inheritance tax on 1 July, the amount that remains is €400. You receive it in your bank account on 3 August.
Page last updated 12/13/2022