Amount of tax-free allowance on transfer of assets to family ...
In a most recent decision, the Supreme Tax Court held that great-grandchildren could also be potential beneficiaries of assets transferred to a family foundation for inheritance and gift tax purposes. They would be the „most distant beneficiary“ according to Section 15 para. 2 of the Inheritance and Gift Tax Act even if they have not yet been born at the time the foundation is established.
Kategorien: Supreme Tax Court cases
Schlagwörter: inheritance and gift tax, family foundat ...