Inheritance Tax in Switzerland is calculated based on the value of the transferred assets upon death of the testator. Small gifts for personal use and household items are inheritance tax exempt in most Swiss cantons. The tax rate, as well as the tax payable, depend on the value of wealth transferred and the degree of the family relationship between the beneficiary and the deceased: the closer they are, the lower the tax rate. This can even lead to complete exemption from inheritance tax in several Swiss cantons.
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