Tax & Legal

Categories: All (4 found)

1. 16.02.2024

   Federal States Supreme Tax Authorities Identical Decrees: Ap ...

   In identical decrees issued by the Supreme Tax Authorities of the Federal States, the tax authorities comment upon the judgment of the Supreme Tax Court of 26 July 2022 (II R 25/20) and upon the underlying view that the option relief under Section 13a (10) Inheritance Tax and Gift Tax Act (or Section 13a (8) IHTA old version) can be exercised separately for each economic unit transferred. This applies to all open cases.

   Categories: Official Pronouncements

   Keywords: family business, inheritance and gift ta ...
2. 24.02.2015

   Annuity paid for business deductible by non-resident

   The ECJ has held that a non-resident taxpayer must be able to deduct an annuity paid in consideration for a business interest on the same lines as a resident.

   Categories: From Europe

   Keywords: annuity, special expenses, inheritance, ...
3. 14.01.2015

   Inheritance and gift tax in part unconstitutional

   The Constitutional Court has held the exemption of business assets from inheritance and gift tax to be unconstitutional as it is too broad-based. However, the present rules continue in force for a temporary period.

   Categories: PwC Reports

   Keywords: inheritance tax, family business
4. 25.11.2014

   Pension payment for early inheritance deductible for non-res ...

   An ECJ advocate general has suggested the court hold for a second time that Germany must allow a non-resident a deduction on the same terms as a resident for a pension paid to his father in consideration of his early assumption of joint ownership in the family business.

   Categories: From Europe

   Keywords: inheritance, family business, ownership