Inheritance Tax General Information For Form Rev-1500 (Page 2 of 2) in pdf

WHO MUST FILE

three calendar months of a decedent’s death. No

available at 1-800-447-3020.

discount applies to any amount that may be

A Pennsylvania Inheritance Tax Return, REV-1500, must

Schedules A through G are used to report assets of the

subsequently refunded.

be filed for every decedent with property that may be

estate. Schedules H and I are used to report debts and

subject to Pennsylvania inheritance tax.

A pre-payment of tax may be made at the Register of

deductions of the estate. Schedules K through O are

•

The personal representative (executor or

Wills before the REV-1500 is filed. In writing, supply the

used to report life estates, remainders and future

administrator appointed by the Register of Wills)

interest compromises. Instructions for each schedule

of a decedent’s estate is the person responsible

and Social Security number along with the pre-

for disclosing property of the decedent and filing

are available on the department’s website.

payment.

the inheritance tax return.

The REV-1500, Pennsylvania Inheritance Tax Return and

All checks must be made payable to “Register of Wills,

If no personal representative is appointed, if the

corresponding instructions for more specific information

Agent” and presented to the Register of Wills of the

personal representative does not file a return, or

county where the decedent resided.

are available on the department’s website.

if the personal representative files a return but

does not disclose all transferred property, then

TAX RATES

TAXABLE PROPERTY

the transferee of property should file an

The rates for Pennsylvania inheritance tax as of July 1,

In general, any items the decedent owned solely, jointly

inheritance tax return.

2000 are as follows:

or in trust are taxable unless specifically excluded from

•

A transferee is any person to whom property

•

0 percent on transfers to a surviving spouse or to

taxation by law.

For additional information see

from the decedent is transferred, including

a parent from a child aged 21 or younger;

instructions for Schedules A, B, C, D, E, F and G for

surviving joint tenants, beneficiaries and heirs.

•

4.5 percent on transfers to direct descendants

descriptions of taxable property.

The transferee must disclose any asset in which

and lineal heirs;

or of which he or she receives any ownership,

VALUATION

interest, income, possession or enjoyment,

•

12 percent on transfers to siblings; and

whether present or future, and whether in trust

Generally, valuation is based on the fair market value as

•

15 percent on transfers to other heirs, except

or otherwise. Separate returns are not to be filed

of the decedent’s date of death. Special rules apply for

charitable organizations, exempt institutions and

by transferees for property included in a

government entities exempt from tax.

valuation of life estates and future interests created by

personal representative’s return.

a decedent. See the instructions for Schedules K and M

Tax rates for dates of death prior to July 1, 2000 can be

found by visiting

for more information.

WHEN TO FILE

An inheritance tax return should be filed as soon as

Special rules also apply to the taxation of farmland and

INTEREST

possible after a decedent’s death, but no later than

small business interests. See the instructions for

Interest on overdue inheritance tax is charged nine

nine months from the decedent’s date of death. Failure

Schedules AU and C-SB for further information

months and one day from the date of death, to the date

to file may subject the estate to a penalty of 25

concerning these provisions.

of payment. Interest rates are detailed in form REV-

percent of the tax ultimately found to be due or

1611, available at

$1,000, whichever is less.

NOTE: Pennsylvania does not utilize or accept a six

An online interest and penalty calculator is also

month alternate valuation date like the federal

WHERE TO FILE

available on the department’s e-services website,

government does.

An inheritance tax return must be filed in duplicate with

the Register of Wills of the county in which the decedent

DEDUCTIONS

was a resident at the time of death.

FORMS

Funeral expenses, administrative costs and debts owed

Inheritance tax forms, schedules and instructions are

PAYMENT OF TAX

by the decedent at the time of death are deductions

available at You may

Tax on property transferred is due within nine months of

allowed against the inheritance tax liability. See the

also order any Pennsylvania tax form or schedule by

the decedent’s death.

instructions for Schedules H and I for descriptions of

calling, toll-free 1-800-362-2050. Services for people

A five percent discount is allowed on the tax paid within

with special hearing and/or speaking needs are

allowable deductions.

Inheritance Tax General Information For Form Rev-1500 Page 2

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