Gifts inter vivos from partners of a partnership to the latter are attributed to the partners based on the respective enrichment (see also Federal Finance Court September 14, 1994 (II R 95/92)) even if the partners can only uniformly dispose of the partnership’s assets. [Read more…] about Baden-Wurttemberg Finance Court (7 V 2515/16) – March 1, 2017
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Dusseldorf Finance Court (4 K 2510/15 Erb) – February 2, 2017
The tax exemption for tangible movable item within the meaning of § 13 para. 1 no. 1 c) Inheritance and Gift Tax Act (IGTA) does not only refer to items for daily use. [Read more…] about Dusseldorf Finance Court (4 K 2510/15 Erb) – February 2, 2017
Senior Directorate of Finance (Frankfurt) – February 2, 2017
The tax exemption for a family home which was acquired by way of death by the surviving spouse (§ 13 para. 1 no. 4b Inheritance and Gift Tax Act [IGTA]) ceases to apply retroactively if it was transferred to a another person in the meantime and in this context the transferor (surviving spouse) was granted a usufruct or right of abode (see also Munster Finance Court September 28, 2016 (3 K 3757/15); Hessian Finance Court February 15, 2016 (1 K 2275/15)). [Read more…] about Senior Directorate of Finance (Frankfurt) – February 2, 2017