Assets which were transferred to a Liechtenstein Foundation (“Stiftung”) by the deceased are still part of his estate if it was in his only discretion to dispose of these assets. [Read more…] about Dusseldorf Finance Court (4 K 2319/15 Erb) – January 25, 2017
Allgemein
Federal Finance Court (II R 26/16) – January 25, 2017
Foundations with no legal capacity are not subject to Substitutional Inheritance Tax (§ 2 para. 1 no. 2 Inheritance and Gift Tax Act [IGTA]) since they do not come under the term “foundation set up in the interest of a family” within the meaning of § 1 para. 1 no. 4 IGTA: In contrast to “foundations set up in the interest of a family” or assocations vested with legal capcity, foundations with no legal capacity cannot hold any assets. [Read more…] about Federal Finance Court (II R 26/16) – January 25, 2017
Dusseldorf Finance Court (4 K 509/16 Erb) – January 25, 2017
Legal costs are deductible as liabilities of estate (§ 10 para. 5 no. 3 Inheritance and Gift Tax Act [IGTA]), even if they are not directly related to the acquired assets which are subject to tax. [Read more…] about Dusseldorf Finance Court (4 K 509/16 Erb) – January 25, 2017