The first-time or amended determination of Inheritance or Gift Tax for the previous acquisition is no event with retroactive effect which allows the determination of Inheritance or Gift Tax for the subsequent acquisition. [Read more…] about Federal Finance Court (II R 45/15) – July 12, 2017
Case Law
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