Þessi lög afnema erfðafjárskatt sem áður var lagður á arftaka þegar þeir fengu eignir í arf. Lögin hafa áhrif á alla sem erfa eignir á Íslandi og fjölskyldur þeirra sem láta af lífi.
This law abolishes inheritance tax that was previously imposed on heirs when they received inherited assets. The law affects all individuals who inherit property in Iceland and the families of deceased persons.