The National Coalition Party, currently in power in Finland, is advocating for the removal of inheritance tax in the upcoming government budget discussions scheduled for April. According to Helsingin Sanomat, this plan involves replacing the inheritance tax with a capital gains tax that would only be enacted upon the sale of inherited assets. The discussions suggest that the abolition of this tax is part of a broader reform agenda aimed at modifying the taxation structure in Finland.

Negotiations within the government are reportedly in progress, though the outcome remains uncertain. Key figures, including Finance Minister Riikka Purra of the Finns Party, have previously expressed skepticism regarding the elimination of the inheritance tax. The report also indicates that while the National Coalition Party aims to advance this policy, the practicalities of gaining consensus within the ruling coalition could pose significant challenges, especially with diverging opinions on taxation reforms.

In a recent interview, Prime Minister Petteri Orpo confirmed to HS that the current administration is not preparing to remove the inheritance and gift taxes yet, citing economic uncertainties as a reason for their cautious approach. This reflects ongoing debates within the Finnish government about how best to balance tax reforms while addressing the needs of the economy, raising concerns about the feasibility of the proposed changes to inheritance tax.