German tax implications on benefits granted by foreign found ...
Are payments and contributions in kind from a foreign family foundation subject to German income tax? And what is the situation as regards the gift tax? Two tax court decisions shed some light. According to the Supreme Tax Court there is no gift tax liability for the beneficiary. The Regional Tax Court of Hamburg is of the opinion that a one-time payment from the foundation is subject to German income tax.
Kategorien: Tax Court
Schlagwörter: gift tax, family foundation, beneficiary ...