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PENNSYLVANIA EXEMPTION CERTIFICATE THIS FORM MAY BE

PENNSYLVANIA EXEMPTION CERTIFICATE THIS FORM MAY BE

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welcome and thank you for joining me in the last video we talked about the general rules surrounding Pennsylvania inheritance tax and in this video we're going to talk about the exceptions or the exemptions to tax so just a quick summary anything passing by reason of death including any gifts that were made within one year preceding death are generally subject to Pennsylvania inheritance tax and the tax rates very depending upon the relationship between the decedent and the beneficiary so in this episode in this video we're going to talk about the exceptions to that general rule so this is the good stuff these are the items the assets or the transfers that are exempt from inheritance tax the first one that we're going to address is the biggest one and it's the easiest to understand it's the spousal deduction or the marital deduction any anything passing to a surviving spouse is exempt from tax some people say that it is subject to tax at a 0% rat

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