Evaluation and analysis of exclusions and rates of inheritance and gift tax

Inheritance and gift tax is a general wealth tax which its subject is transfer of wealth by means of inheritance or gratuitous transfers amongst living. Inheritance and gift tax, which is a tax imposed on wealth transfers, first began to execute in 1926, by the Law no. 797 on Inheritance and Gift Tax. In 1959, after various changes in that period of time, by the Law no. 7338 on Inheritance and Gift Tax, it became the same status as it is today. Because of the fact that it has a very small percentage in the total tax revenues, it stands out with the extra ? fiscal function rather than fiscal function.The exclusions of inheritance and gift tax, which are an essential part of this study, come into prominence with the fact that it was imposed by extra ? fiscal purposes rather than fiscal ones. The rates of inheritance and gift tax, which are another main part of this study, stands out with its uniqe progressive structure. The exclusions of inheritance and gift tax are arranged in order to achieve certain extra ? fiscal goals such as creating a difference, in terms of rates, between close family members and other individuals for gratuitous transfers and making certain gratuitous transfers motivated by unwritten laws of the society tax free. The rates of inheritance and gift tax on the other hand, has a progressive structure which creates a distinction between wealth transfers by means of inheritance and other gratuitous transfers, and a distinction between parties of certain transfers.The aim of this study is to analyse the exclusions and rates of inheritance and gift tax which is a tax imposed on wealth transfers. In order to achieve such aim, in the first chapter of the study, there are some explanations relating to wealth taxes, the scope, character and variety of wealth taxes and also, there are certain explanations conserning tha aim, structure, functions and some forms of executions of inheritance and gift tax. Furthermore, explanations concerning various applications of inheritance and gift tax in various foreign countries are given in the first chapter of the study. In the second chapter, exclusions and rates of inheritance and gift tax in Turkey are tried to be explained from as they used to be, to as it is today. Finally, in the last chapter, problems which we came across when analysing the inheritance and gift tax in Turkey are exposed and some suggestions about particular problems are made.