“Home sweet home” Spouses have a total allowance of EUR 500,000 for gifts and in the event of inheritance for all transfers from one spouse to the other within a period of 10 years. Transfers between spouses above this amount basically trigger donation or inheritance tax. A significant exception to this is the gift of […]
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The material value method – the standard land evaluation
If real estate is transferred as a gift or as part of an inheritance, these transactions are subject to gift or inheritance taxation. These properties must be evaluated to obtain the tax “value” of such property transfers. In these cases the evaluation law (Bewertungsgesetz) basically provides three different options: the comparative value method, the earnings […]
Profit distributions from corporations no longer have to be made to all shareholders at the same time
Incongruent distribution of profits Profit distributions from corporations, e.g. GmbHs or AGs, are generally made in such a way that the profit to be distributed is allocated and distributed to the shareholders in proportion to their shares. In the past the BFH has already decided that, under certain conditions, it is possible to distribute the […]
Inheritance of domestic German assets by EU foreigners
The deduction of estate liabilities within cases of limited inheritance tax liability ECJ forces German tax authorities to take this into account If neither the heir nor the testator live in Germany, but domestic property located in Germany, such as real estate, is inherited, the question arises to what extent German inheritance tax is levied […]
Restructuring and separations of partnerships
Self-employed, especially freelancers such as doctors, lawyers, tax consultants, patent attorneys, management consultants, regularly join with others to practice their profession together. BGB companies or partnerships, are very often established for this purpose. Just as such companies are founded, separations also take place were either individual partners leave the existing partnership, or these are dissolved […]
Tax requirements for clearing accounts between cross-border affiliated companies (parent- / subsidiary companies)
Tax requirements for clearing accounts between cross-border affiliated companies(parent- / subsidiary companies) In the case of group structures, clearing accounts between the affiliated companies involved are to be regularly accounted for. On the one hand, service relationships between the affiliated companies are mapped via these clearing accounts. They are on the other hand, often used […]
Distribution of profits in the event of an association of freelancers, especially Partnerschaftsgesellschaft mbB
Tax advisors Alexia Huber & Partner Steuerberatungsgesellschaft mbB supports and advises numerous associations of freelancers on all questions relating to the determination of profits. Freelancers – especially doctors, dentists, lawyers, patent attorneys, architects, engineers, IT specialists, management consultants – often come together to pursue their professional activities together. This is regularly done by establishing a […]
Establishing a legal entity (GmbH) in Germany
A lot of our international clients at Alexia Huber & Partner Steuerberatungsgesellschaft choose Germany as a location for a subsidiary or a separate legal entity for their market presence in Germany and continental Europe. This is due to the fact that Germany is the biggest European market and its central location in Europe. We assist […]
Is an inheritance or gift tax to be assessed or already assessed always due immediately?
With inheritances or gifts, it is initially quite often not considered that tax authorities might also want their share of the acquisition. At this point, a possible joy about received assets is diminished again very quickly. But is a tax to be determined under the Inheritance Tax Act always due immediately? With offices in Munich […]