Does Colombia have an inheritance tax?

Colombia does not have a separate inheritance tax, but inheritances, legacies and gifts are treated as a ganancia ocasional (occasional gain) and taxed at a flat 10%. Specific UVT-based exemptions reduce the taxable amount depending on the asset and the beneficiary.

What can be received tax-free?

Heirs can receive the deceased's home tax-free up to 3,490 UVT and other inherited assets tax-free up to 1,625 UVT. A legacy or gift to someone who is not a forced heir is 20% exempt, capped at 2,290 UVT. The calculator applies whichever exemption matches your selection.

What rate is applied to the taxable amount?

After the relevant UVT exemption is subtracted, the remaining value is taxed at a flat 10% as a ganancia ocasional. There is no progressive scale for inheritances — the same 10% applies regardless of the total size of the estate.

How are UVT exemptions converted to pesos?

Exemptions are set in UVT (Unidad de Valor Tributario), Colombia's inflation-indexed tax unit. The tool multiplies the UVT exemption by the current UVT value in pesos that you enter, so the relief tracks the year's official figure.

Is this a substitute for a notary or lawyer?

No. Colombian successions run through a notary or court and can involve valuation rules, debts of the estate, and multiple heirs sharing exemptions. Use this for a rough estimate and confirm with a notario or abogado before filing.

Colombia Inheritance Tax Calculator

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A Colombia inheritance tax calculator for the ganancia ocasional charged on inheritances, legacies and gifts. Colombia has no standalone estate duty, but what you receive on death is taxed as an occasional gain at a flat 10% after generous UVT-based exemptions. This tool applies the right exemption for the asset and beneficiary and shows the tax due in pesos.

How it works

An inheritance is taxed as a ganancia ocasional at 10% on the value above the applicable exemption. The exemption depends on what is received and by whom:

The deceased’s home passing to heirs — exempt up to 3,490 UVT.
Other inherited assets — exempt up to 1,625 UVT.
A legacy or gift to a non-heir (someone who is not a forced heir) — 20% of the value is exempt, capped at 2,290 UVT.

taxable value = inherited value − exemption
tax = taxable value × 10%

UVT (Unidad de Valor Tributario) is Colombia’s indexed tax unit; the calculator converts each UVT exemption into pesos using the current UVT value you supply.

Example and notes

An heir inherits the family home valued at COP 250,000,000. With a 3,490 UVT home exemption worth roughly COP 164m at recent UVT values, about COP 86m is taxable, and at 10% the tax is around COP 8.6m.

If the same value were a legacy to a friend (a non-heir), 20% of COP 250m (capped at 2,290 UVT) would be exempt — roughly COP 50m — leaving COP 200m taxable and COP 20m of tax. Exemptions are shared where several heirs inherit one asset, so confirm the split with a notario.