New Dynamics of Inventories Overcome Liquidity Constraints

Recent changes to the Gift and Inheritance Tax (ITCMD) are poised to revolutionize the process of extrajudicial inventories, particularly in scenarios where liquidity constraints pose a significant challenge. The new dynamic allows families to advance with the formalization of the inventory without necessarily prepaying the tax, streamlining the administration of estates and legacies. A recent decision by the National Council of Justice (CNJ) stipulates that the public deed of inventory and division can be issued independently of tax regularization, enabling a more fluid and less burdensome process in the short term. However, this does not mean an exemption from ITCMD; the tax still needs to be paid according to applicable legislation, albeit in stages. This change represents an important adaptation to current market complexities where liquidity constraints can significantly impede families who wish to efficiently manage inherited assets. The decision not only facilitates judicial processes but also has macroeconomic implications, promoting greater capital mobility and reducing bottlenecks in the administration of inherited goods, benefiting both individuals and the economy as a whole. Source: Valor Econômico