Even in case of the material non-appealability of an Inheritance and Gift Tax assessment notice, the acquirer can apply (irrevocably) for the optional relief (100% tax exemption) if due to an amended determination of § 151 para. 1 no. 2, 3 Valuation Act the ratio of the non-operating assets to the fair market value of the company or the transferred interest in a partnership/share in a corporation does not exceed 10% for the very first time. [Read more…] about Regional Office of Finance (Bavaria) – July 7, 2016
Ministry of Finance
Regional Office of Finance (Bavaria) – June 8, 2016
Often a consideration is agreed upon in line with the gift that the donee is obliged to take care of the donor until the rest of his life – if necessary. [Read more…] about Regional Office of Finance (Bavaria) – June 8, 2016
Regional Office of Finance (Bavaria) – June 1, 2016
Privileged assets within the meaning of §§ 13a, 13b Inheritance and Gift Tax Act (IGTA) which are transferred by way of death or by gifts inter vivos if no consideration is granted, do not lead to subsequent taxation due to a violation the holding regulations of § 13a para. 5 IGTA (in the version of the Inheritance Tax Reform Act 2009). [Read more…] about Regional Office of Finance (Bavaria) – June 1, 2016