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 4 September.

The following is an illustration of what happens when he or she pays the tax on its due date 3 August, 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 July

  • 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 4 September.
  • 2

    The due date of the inheritance tax is 3 August

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

    Let us assume that the amount is €600. It falls due for payment on 3 August.
  • 3

    On 3 August, part of your refund is used on the inheritance tax

  • The Tax Administration uses part of your refund on the inheritance tax on 3 August although you made a payment on the due date

    The inheritance tax (€600) falling due on 3 August 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 4 September.
  • 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

    The summary provides you with information on how refunds are used

  • You will see your summary in MyTax at the beginning of September

    In addition, a paper summary will be sent to you by letter if you have not enabled Suomi.fi Messages.
  • 6

    You receive your refund on 4 September

  • The amount is €400

    After the Tax Administration used part of the refund on your inheritance tax on 3 August, the amount that remains is €400. You receive it in your bank account on 4 September.