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
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Federal Ministry of Finance (Federal Fiscal Gazette, pt. I, p. 1202) – May 11, 2017
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
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