Inheritance tax is a tax levied on inherited assets left by a deceased person or entity. In Switzerland, inheritance taxes vary between cantons and municipalities, with no inheritance tax being levied in the Canton of Schwyz.
All cantons waive inheritance taxes when the inheritor is the spouse of the deceased. In most cantons, the tax is also waived for descendants of the deceased. A difference is made between inheritance tax, which is levied on assets inherited from a deceased person, and gift tax, which is levied on assets which are gifted to a beneficiary while the benefactor is still alive.
Inheritances: Rules that dictate who gets what in Switzerland