Inheritance law of Russia
Encyclopedia
Inheritance law in Part III of the Russian Civil Code
. Chapters 61 through 63 of the code are the basic statue
s concerning inheritance. In general, the Russian laws concerning inheritance are simple and straightforward. Inheritance tax
law in Russia has been non-existent since 2006 when the Russian Parliament
abolished all inheritance taxes.
, leaving disabled children or parents, these people are to receive, by law, at least 50 percent of the estate. Otherwise, the state has listed a table of “priorities” for those who are to receive parts of the estate. In the absence of heirs, the estate is declared heirless, and passes to the Russian Government.
has. The priority and disability laws make sure that only certain people can receive an estate. The only real options for a testator are the percentages of an estate that certain levels of priority can receive. Non-relatives can inherit part of the estate
, but these are taxed at the flat income rate of 13 percent. Only relatives receive the estate tax-free. In other words, non-relations, while they can receive parts of the estate, are not considered heirs strictly speaking, but persons to whom a (posthumous) gift has been given.
Russian Civil Code
The Russian Civil Code is the prime source of civil law for the Russian Federation. The Russian Civil Law system descendanted from Roman Law through Byzantine tradition. It was heavily influenced by German and Dutch norms in 1700-1800's...
. Chapters 61 through 63 of the code are the basic statue
Statue
A statue is a sculpture in the round representing a person or persons, an animal, an idea or an event, normally full-length, as opposed to a bust, and at least close to life-size, or larger...
s concerning inheritance. In general, the Russian laws concerning inheritance are simple and straightforward. Inheritance tax
Inheritance tax
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died...
law in Russia has been non-existent since 2006 when the Russian Parliament
Federal Assembly of Russia
The Federal Assembly of Russia is the legislature of the Russian Federation, according to the Constitution of Russian Federation, 1993...
abolished all inheritance taxes.
Function
Social justice is the main function of the Russian laws on inheritance. One of the main purposes of the law is to take care of those in the family that cannot take care of themselves. If a Russian citizen diesDeath
Death is the permanent termination of the biological functions that sustain a living organism. Phenomena which commonly bring about death include old age, predation, malnutrition, disease, and accidents or trauma resulting in terminal injury....
, leaving disabled children or parents, these people are to receive, by law, at least 50 percent of the estate. Otherwise, the state has listed a table of “priorities” for those who are to receive parts of the estate. In the absence of heirs, the estate is declared heirless, and passes to the Russian Government.
Effects
Russian law strongly reduces the number of options that a testatorTestator
A testator is a person who has written and executed a last will and testament that is in effect at the time of his/her death. It is any "person who makes a will."-Related terms:...
has. The priority and disability laws make sure that only certain people can receive an estate. The only real options for a testator are the percentages of an estate that certain levels of priority can receive. Non-relatives can inherit part of the estate
Estate
Estate may refer to:* Estate , a term in common law for a person's property, entitlements and obligations.* Estates of the realm, a broad social category in the histories of certain countries....
, but these are taxed at the flat income rate of 13 percent. Only relatives receive the estate tax-free. In other words, non-relations, while they can receive parts of the estate, are not considered heirs strictly speaking, but persons to whom a (posthumous) gift has been given.
See Also
- Law of the Russian FederationLaw of the Russian FederationThe primary and fundamental statement of laws in the Russian Federation is the Constitution of the Russian Federation.-Domestic sources:Since its adoption in a 1993 referendum the Russian Constitution is considered to be the supreme law of the land...
- Criminal Code of Russia
- Offences Code of Russia
- Family Code of RussiaFamily Code of RussiaThe Family Code of Russia is the prime source of family law in the Russian Federation. It was passed by the State Duma on 8 December 1995, signed by President Boris Yeltsin on 29 December 1995, and came into force on 1 March 1996...
- Customs Code of Russia