Dissolution of the estate

The estate ceases to exist after

• the assets of the estate have been distributed
• a copy of the deed of estate distribution has been submitted to the Finnish Tax Administration
• the tax year has ended and the estate did not have any income or expenses during that tax year.

The Finnish Tax Administration does not send any separate notification of the dissolution of the estate.

Situations concerning the dissolution of the estate:

• If the estate has more than one shareholder you must submit a copy of the deed of estate distribution to the Finnish Tax AdministrationOpens in a new window., so that the estate can be dissolved.
• If the estate does not have any distributable assets, you do not need to submit the deed of estate distribution to any party.
• If you are the only shareholder of the estate, you must submit a copy of the estate inventory deed to the Finnish Tax Administration for inheritance taxation. The property is transferred to you immediately after the death of the deceased person. The income that accumulates after the death of the deceased person is your own income and you must pay tax on it.

Read more about what to write in the deed of estate distribution and how to submit it to the Finnish Tax Administration.Opens in a new window.