Do you want to know what the Form 4419 “Liquidation of inheritance tax“? If you want to know how to fill it out, why pay inheritance tax and other things, stay and read this article that brings all the information you need.
What is Form 4419?
Form 4419 or also called «Inheritance Tax Settlement» Form is a filling system established by SII «Internal Revenue Service», to record the data and all the necessary information of the member for the settlement of inheritance taxes.
It is important to note that this form should only be used for procedures carried out in the courts before April 12, 2004.
In the following link you can download Form 4419.
How to complete Form 4419?
Filling out a form can be a tedious task for people, that’s why we bring you the easiest, fastest and most effective way to fill out Form 4419, you just have to follow the steps that will be shown below:
The first thing you should do is download the form, for this you can enter the link given at the beginning of the article. Once you have the form, we will proceed to fill it out.
In the first part of the form there is a box called «Causant», where we must provide all the data of the cause. It is important to keep in mind that «Causante» refers to the deceased person who originated the succession by cause of death.
In this part it is enough to enter all the personal data of the deceased person and enter the information corresponding to the File, Will, Inventory and Legal Publications.
We must place the identification of the surviving spouse and assignees, for this you must enter where it says «CS» the full name and address of the surviving spouse.
After that, in lines «A1» to «A7» you must provide the full name, address and relationship of the assignees, whether they are heirs or legatees.
Then you must indicate the information of the Rut number of the surviving spouse and the successors or beneficiaries.
In the section «Valuation of Hereditary Assets» the assets that have been held until the date of death of the deceased are considered.
We must enter the «Agricultural and non-agricultural real estate», in case they are owned, place the letter «A» and in case they are not owned, place the letter «N». Next we must enter the information of each of the inventoried properties and the value of each one of them.
Said value will be the tax appraisal or its acquisition value, if the property has been acquired within the three previous years and this is higher than the appraisal value.
We will proceed to record the information about «movable property». In this case we will write down the appraisal value assigned in the expert report.
If no furniture is owned, the “presumption” line will be filled in the inventory, placing the amount that represents 20% of the value of the property whose service or exploitation was intended, even when the property is not owned by the deceased, or may be a good that guarded.
We will indicate all the data requested about the «Shares, Securities, Bonds and Pension Funds», we must enter for each of them the number of the certificate that supports them, and the value of these.
It is extremely important to indicate the amount in the boxes corresponding to the deceased or conjugal partnership.
You must provide the requested information on Money, Deposits, Credits and Other Securities.
If other assets are owned, they must be registered in the same way.
We will go to the «Accredited Withdrawals».
In this part, if it is about «Lower Marriage Partnership», those expenses taken by the conjugal partnership must be considered, whether they are expenses of last illness, debts considered social; forced maintenance, among others, all of which are duly accredited, the pages of the file in which they are recorded and their value in national currency must be entered.
In case of «Losses of the Inheritance» we proceed to consider
Necessity expenses that were paid after the death; as funeral expenses; personal debts; the publication of the will, among others, all of these must be accredited and the pages of the file in which they appear and their value in national currency must be indicated.
In the «Calculation of the tax», we will proceed to determine the «Inheritance Affects Partible», to establish the amount of the inheritance in this case, you must first write down the amounts determined in this form, performing at the same time the arithmetic operations indicated in this form.
The amount resulting from the «liquid social assets» must be entered on the «Half of Profits» line, only in the case of a conjugal partnership.
In the Line «Inheritance Affects Tax» you must enter all the information of the hereditary assets considered for the calculation of the taxable base of the tax.
After that, in «Effective Spousal Portion Affects», we will record the information obtained in the «Determination of Spousal Portion».
Next, in the «UTM Value» box, you must indicate said value on the date of death of the deceased.
Finished this, we go to «Determination of Conjugal Portion». In the line «Inheritance Affects Tax» you must enter the value indicated above in the «Determination of Inheritance Affects Partible» box.
If the spousal portion is a loss of the estate, the line “Probate Assignments” should not be filled out.
The total sum of «Inheritance Affects Tax» is the value to be indicated in the «Theoretical Conjugal Portion Affects» box.
The value to be placed in the «Surviving Spouse Assets» box is equal to the sum of the amounts expressed in the «All surviving spouse’s assets», «allocations» boxes and half the value indicated in the «gains» box, according to be the situation.
Next, the two values previously calculated are subtracted, the resulting subtraction is expressed in the box «Effective Spousal Portion Affects» and, in the same way, in the line «Determination of Partible Inheritance Affects.»
Said value must be divided by the value of the UTM and then taken to «Surviving Spouse Tax».
You must proceed to register in national currency in the first column the allocation affected by the surviving spouse and this must be divided by the value of the UTM on the date of dissemination of the deceased, then said amount must be entered in the second column. If there is a marital portion, then place the amount in UTM in the third column.
To determine the taxable base, you must add the previous amounts and you must deduct the 600 UTM of exemption for kinship, and to determine the «Total» tax, the taxable base must be located exactly in the table that corresponds to table 1 of the form.
Then the amount indicated in the table is subtracted from the result, the resulting amount will be in «Total»
We will go to «Assignees Tax». For each assignee you must do the following:
- You must register in the first column in national currency, that is, pesos, the allocation affects the heir or legatee, then you must divide it by the value of the UTM on the date of dissemination, and you must enter said amount in the second column.
- In the third column, place the kinship exemption that
corresponds to any of the options in table No. 2 of this form.
- Deduct the kinship exemption from the UTM value of the assignment, and write down the result in the taxable base column.
- To determine the tax, the tax base is located according to TABLE Nº1. The rate indicated in said tranche
is applied to the tax base, then the amount indicated in the table of the form for the same section will be subtracted from that result.
- Once the tax has been determined, the % surcharge must be applied in the percentages indicated in TABLE Nº 2, with respect to the persons indicated therein.
- The amount resulting from the previous operation will be entered in the
Total Tax column.
- Once the tax amount has been calculated for each assignee must place in total (2) the sum of both amounts and in total tax (1) + (2) The result of the sum of both amounts.
The following should be considered:
!Ready! We have already completed the form! Surely you are interested in knowing more about the process, then keep reading.
How to make the liquidation of Inheritance Tax?
The payment or cancellation of the inheritance tax must be made within a period of time of less than two years, from the date of diffusion of the person. The result of this declaration will depend on the relationship with the deceased and the amount of the inheritance.
It is essential to submit Form 4419 duly completed according to the instructions given.
You must go with the completed form to the headquarters of Internal Revenue Services (SII) that corresponds to you according to your location. You must pay the assigned amount by making the corresponding declaration.
Where and when to deliver?
It must be delivered directly to some of these offices, according to their location:
- Office of SII Parties: Teatinos 120, Monday to Thursday from 9am to 2pm and from 3pm to 5pm. Friday from 9am to 2pm and from 3pm to 4pm.
- Regional direction: Arturo Prat 305, Arica. Communes: Arica, Camarones, Putre, General Lagos. Monday to Friday
8:45 a.m. to 1:45 p.m.
- Alto Hospice Office: Pasaje Huantajaya N° 3130, Alto Hospicio. Monday to Friday 8:45 am to 1:45 pm.
- Calama Unit: Calle 4 Poniente 2660, Villa Exótica, Calama
Communes: Calama, San Pedro de Atacama, Ollague. Monday to Friday 8:45 a.m. to 1:45 p.m.
- Regional direction: Manuel Rodríguez No. 611, Copiapó.
Communes: Copiapó, Caldera, Tierra Amarilla. Monday through Friday 8:45 a.m. to 1:45 p.m.
You can also communicate by phone, through the number: 223951115.
you have six months to pay inheritance taxes, However, this term can be extended if you need it, with the condition of canceling interest for it.
Why pay inheritance tax?
It is necessary to pay the inheritance tax since without this process you cannot access the inherited assets. If you do not have the money to pay said amount, you have the option of requesting a loan or consulting the payment options offered by the Internal Revenue Service.
For more information go to Internal Revenue Services official website. Success!
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