Due to the new Inheritance and Gift Tax Act which was announced in the Federal Law Gazette on November 9, 2016, the capitalization rate of the Simplified Income Approach (§§ 199 et seqq. Valuation Act) was retroactively reduced from 17,8571 to 13,75 as of January 1, 2016. [Read more…] about Federal Ministry of Finance (Federal Fiscal Gazette, pt. I, p. 1202) – May 11, 2017
Allgemein
Munich Finance Court (4 K 711/16) – April 5, 2017
The transfer of interests in a partnership or shares in a corporation is only subject to § 7 para. 7 Inheritance and Gift Tax Act (IGTA), if the transfer is based on a withdrawal of a partner/shareholder by law or partnership agreement/articles of association. [Read more…] about Munich Finance Court (4 K 711/16) – April 5, 2017
Hamburg Finance Court (3 V 12/17) – March 14, 2017
If a consideration is agreed upon in line with a gift, its fair market value according to the general principles of the Valuation Act in the version of the Inheritance and Gift Tax Reform Act 2009 reduces the acquisition liable to tax. [Read more…] about Hamburg Finance Court (3 V 12/17) – March 14, 2017