What Are My Inheritance Rights in China?
You can inherit the property of your parents, children and spouse. If anyone lists you as the beneficiary in the will, you also have the inheritance rights stated in the will.
Succession
What Is the Law of Inheritance in China?
China used to have Inheritance Law (Law on Succession). However, after the promulgation of the Civil Code in 2020, China has only the “Book VI Succession” in the Civil Code. In other words, the inheritance law became a part of the civil code.
How to Inherit Properties in China?
How to Inherit Properties in China? First of all, you need to know whether the decedent has a will and whether you have inheritance rights …
Does China Have Inheritance Tax?
No, China has no inheritance tax. If you inherit the money, you do not need to pay tax at all. If you inherit the real estate, you need to pay tax for the transfer of the property.
How Does Inheritance Work in China?
During the lifetime, one can specify in the will who inherits his/her house and other heritage. If the person has no will, the decedent’s children, spouse, parents, siblings, paternal grandparents, and maternal grandparents may inherit his/her estate.
How Do I Get Money From My Deceased Parent’s Bank Account in China?
You should first determine whether you are the heir to the money in the bank account of your deceased parent. If you have an inheritance right to the money, you can ask the bank to pay the part inherited by you.
How Much Tax Will I Pay on My Inheritance in China?
Generally speaking, there is little inheritance tax payable by heirs in China.
Because, in China, heirs do not need to pay inheritance tax, except for some other taxes and fees, which are comparatively small.