Kosciusko County, Indiana

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100 W Center St
Warsaw, IN 46580
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  • Phone: (574) 372-2310
  • Fax: (574) 372-2469
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Inheritance Tax

REPEAL OF INHERITANCE TAX

Indiana's inheritance tax was repealed for individuals dying after Dec. 31, 2012.  No inheritance tax returns (Form IH-6 for Indiana residents and Form IH-12 for nonresidents) have to be prepared or filed.  No tax has to be paid.  In addition, no Consents to Transfer (Form IH-14) personal property or Notice of Intended Transfer of Checking Account (Form IH-19) are required for those dying after Dec. 31, 2012.

 

To view a letter the department sent attorneys and county assessors about the repeal, click here.

 

INDIVIDUALS DYING BEFORE JAN. 1, 2013

In general, estates or beneficiaries of Indiana residents are required to file an inheritance tax return (Form IH-6) if the value of transfers to any beneficiary is greater than the exemption allowed for that beneficiary with the appropriate probate court.

In general, estates or beneficiaries of deceased Indiana nonresidents are required to file an inheritance tax return (Form IH-12) with the Inheritance Tax Section of the Indiana Department of Revenue if the value of the transfers is greater than the exemption allowed for that beneficiary if the property transferred is Indiana real property and/or tangible personal property located in Indiana.

Exemptions are figured based on the relationship between the deceased individual and the beneficiary. Depending on the individuals date of death the exemption amounts vary. For more information about exemptions, click here.

Consents to transfer securities or personal property (Form IH-14), called by some financial institutions as a tax waiver form, (financial accounts - e.g. savings, CDs, IRA, annuities, investment accounts) and Notice of Intended Transfer of Checking Account (Form IH-19) are required for those dying before 1/1/2013. For more information about consents to transfer, click here.

 

Note that due to the complexities of inheritance tax, taxpayers do consult with attorneys or accountants who are familiar with Indiana's inheritance tax to determine what forms, if any, should be prepared or filed.

For more information check our list of inheritance tax forms at www.in.gov/dor/3509.htm.

For additional questions, please contact:

Inheritance Tax Division--Don Hopper
Indiana Government Center North
100 N. Senate Ave. Room N248
Indianapolis, IN 46204
(317)232-2154
 
To Return to the Assessor Home Page Click Here
  • Recent
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Recent News

  • Inheritance Tax Repealed
    Indiana's Inheritance Tax has been repealed for taxpayers who died after December 31, 2012. Consents to Trans...
  • Inheritance Tax Notes
    SEA 293 increases Class A Exemption to $250,000;Expands the definition of Class A transferee; and Phases out ...