HomeDanish PoliticsDanish government proposes 10% reduction in inheritance tax.

Danish government proposes 10% reduction in inheritance tax.

The government presents a proposal to reduce the inheritance tax to 10 percent. In a new business package aimed at strengthening the Danish economy, the government suggests a number of tax cuts totaling 1.8 billion Danish kroner. This emerges from the latest business initiative, which four ministers presented on Thursday at a press conference at the pharmaceutical company Lundbeck in Valby.

A key initiative in the proposal is the reduction of the inheritance tax – or estate and gift tax – from 15 percent to 10 percent. This tax applies when transferring a business to a family member. In addition, business owners should be able to demand a schematic valuation when calculating the estate and gift tax, which should make the process more straightforward and predictable.

The financing of the 1.8 billion kroner tax cuts comes partly from the increased economic leeway and a restructuring of business support. This combination will release nearly 900 million kroner annually from 2025 onwards.

Read the danish version here

Latest articles

Trump refuses to rule out use of military force to take Greenland

At a recent press conference, incoming U.S. President Donald Trump stated that he is...

Danish Minister Calls for Meeting on Proposed Parental Responsibility Law Changes

Social and Housing Minister Sophie Hæstorp Andersen has invited political parties in the Danish...

“Denmark announces new environmental initiatives to combat pollution and promote sustainability”

Please provide the Danish article you would like me to translate, and I'll be...

“Denmark Imposes Stricter Immigration Controls Amid Rising COVID-19 Concerns”

Please provide me with the Danish article you would like translated into English, and...

More News

Trump refuses to rule out use of military force to take Greenland

At a recent press conference, incoming U.S. President Donald Trump stated that he is...

Danish Minister Calls for Meeting on Proposed Parental Responsibility Law Changes

Social and Housing Minister Sophie Hæstorp Andersen has invited political parties in the Danish...

“Denmark announces new environmental initiatives to combat pollution and promote sustainability”

Please provide the Danish article you would like me to translate, and I'll be...