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Understand How The Inheritance Declaration Works In Income Tax 2025, Which Assets Must Be Reported And In Which Situations The Taxpayer May Be Fined.
The inheritance in 2025 must be declared rigorously. Children, grandchildren, and spouses who received properties valued above R$ 200 thousand must report the asset to the Federal Revenue in the Income Tax. Omission may result in heavy fines, blocking of refunds, and tax assessments.
According to experts cited by CNN, inherited assets are not taxed in the personal Income Tax but must be included in the annual declaration. The value must be reported correctly, accompanied by documents that prove the source of the inheritance, to avoid inconsistencies that lead to audit issues.
How To Declare Inheritances In Income Tax 2025
The first step is to access the section “Exempt And Non-Taxable Income”, option “14 – Property Transfers, Donations, And Inheritances”.
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There, the taxpayer must report the inherited amount, along with the CPF or CNPJ of the estate and the name of the deceased.
Next, the received assets need to be recorded in the “Assets And Rights” tab, with the corresponding code.
The total amount reported in this section must be equal to what was recorded as exempt income to avoid discrepancies in data cross-checking.
Taxes On Inheritance: ITCMD And Income Tax
Although receiving an inheritance is not taxed by the Income Tax, it is subject to ITCMD (Inheritance And Donation Tax), which is state-level.
Each state sets its own rate, usually between 2% and 8%.
The official deadline for submitting the declaration ends on May 30, 2025.
The Federal Revenue expects to receive approximately 46 million declarations.
Those who do not send their declaration on time or present inconsistent data may face a minimum fine of R$ 165.74, reaching 20% of the due tax.
Sale Of Inherited Assets
When the heir sells the asset in the same year as the transfer or before the partition, the procedure changes.
In this case, it is not necessary to declare it as an inheritance, but rather to record the sale value in the correct section.
If there is a capital gain, it must be reported and taxed according to normal Income Tax rules.
This is common in cases of inherited properties or financial investments.
Declaration Of Inherited Pension Plans
Pension plans follow a differentiated treatment:
VGBL: reported in “Assets And Rights,” code 06, with the balance as of 31/12.
PGBL: only included if there is a payout, and the amount goes in “Income Subject To Exclusive/Final Taxation.”
In both cases, it is mandatory to report CNPJ of the fund, company name, and amount received.
The taxation regime also plays a role: in regressive income tax, it applies to capital and interest; in progressive, only on the earnings.
Required Documents
The taxpayer needs to gather:
- Identification document and CPF of the heir;
- CPF or CNPJ of the estate;
- Partition deed or transfer documents;
- Income statement (in the case of pension funds).
These documents reduce the risk of inconsistencies and facilitate the analysis by the Federal Revenue.
Can Declare After The Deadline?
Yes. Those who miss the May 30, 2025 deadline can still submit the declaration, but with penalties. The minimum fine is R$ 165.74, potentially reaching 20% of the due tax.
The delay generates interest, blocks refunds, and may hinder the regularization process with the Federal Revenue system.
Therefore, experts consulted by CNN advise that even if late, the declaration should be submitted as soon as possible to avoid accumulating debts and tax restrictions.
Risk Of Heavy Fines
The Federal Revenue cross-references information from notaries, banks, and pension funds with the data provided by the taxpayer.
Those who omit inherited assets above R$ 200 thousand may be assessed and face high fines and restrictions in future processes.
The recommendation is to double-check during the completion, especially in the sections “Exempt Income” and “Assets And Rights”.
The inheritance in 2025 must be declared transparently, even when exempt from tax. And you, have you checked if the inherited assets in your family are correctly reported? Do you think the current rules are fair or make life difficult for taxpayers? Share your opinion in the comments — we want to hear from those who have experienced this firsthand.
Faltou dizer que o valor dos bens que estavam na declaração do falecido deve ser mantidos. Qualquer diferença entre esses valores e o valor colocado pelo herdeiro na sua declaração pode ser tributável pela Receita como ganho de capital. Mesmo com decisão favorável ao contribuinte a Receita pode tributar e vai dar muito trabalho para o contribuinte para reverter tal entendimento.
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