The probate tax is imposed on the probate of most wills and grants of administration, and applies to property in Virginia. Jointly held property with right of survivorship.
Insurance proceeds payable to a named beneficiary, other than the estate.
Bonds payable on death to a named beneficiary. The tax does apply to property owned as tenants in common, to the extent of the decedent's interest in the property. The tax also applies to property that is passed to a beneficiary through a will. With the exception of the types of property discussed above, the tax applies to real and tangible personal property of the decedent that is located in Virginia. For a nonresident decedent, the tax does not apply to intangible personal property, regardless of where it is located.