If an executor of a will is obliged to file the inheritance tax declaration according to § 31 para. 5 Inheritance and Gift Tax Act (IGTA), he also has to ensure the payment of the inheritance tax (§ 32 para. 1 sent. 2 IGTA). [Read more…] about Regional Office of Finance (Bavaria) – February 4, 2016
Ministry of Finance
Senior Directorate of Finance (North Rhine-Westphalia) – January 9, 2016
According to Federal Court of Finance (January 30, 2013, II R 6/12, Federal Fiscal Gazette II, p. 930; see also Lower Saxony Court of Finance, November 12, 2014, 3 K 347/14), in case of hidden profit distributions from a corporation to its shareholder, no gift inter vivos is at hand according to § 7 para. 1 no. 1 Inheritance and Gift Tax Act (IGTA) if the shareholder is the direct beneficiary of the hidden profit distribution. [Read more…] about Senior Directorate of Finance (North Rhine-Westphalia) – January 9, 2016