New Hampshire Estate Taxes

New Hampshire has an estate tax that is intended to absorb the maximum credit against the federal estate tax. For resident decedents, the tax may be imposed on all real and tangible personal property located within New Hampshire and on intangible personal property wherever situated. For nonresident decedents, property subject to the state estate tax includes real estate located within the state and any personal property within the jurisdiction of New Hampshire.

The New Hampshire Legacy and Succession Tax was repealed, effective for deaths occurring on or after January 1, 2003. No other estate or inheritance taxes are imposed by New Hampshire.

Deductions. The following items can be deducted when calculating New Hampshire estate tax liability:

• decedent's debts and claims against the estate
• funeral expenses
• last illness expenses
• administration expenses
• losses incurred during settlement of the estate not compensated by insurance or otherwise
• federal estate taxes
• transfers for public, charitable, and religious uses
• attorneys' fees
• mortgages
• inheritance taxes paid to other states

Returns. The executor or administrator of the estate must generally file a New Hampshire estate tax return and pay any taxes owed to the Department of Revenue Administration within nine months of the decedent's death.

Generation-skipping transfer tax. New Hampshire does not impose this type of tax.