Article by Ralf Eckert, M. Read Moore, Dirk Pohl and Richard Schmidt
Arrange Inheritance Now
Inheritance and gift tax
It is no longer a question of whether the German tax practice will be reformed, rather a question of when and how the reform will take place. Entrepreneurs as well as wealthy private equity investors in certain asset classes should react quickly in order to save as much money as possible. Following are, some important questions with answers about inheritance and gift tax planning which are addressed in respect of indicated legislative changes.
Introduction
The judges of the German Supreme Tax Court (BFH) in Munich appeared before the public with their decision in early 2002. The German chief financial judges consider pivotal points of existing taxation practice for estates and gifts as unconstitutional. The Federal Constitutional Court (BVerfG), located in Karlsruhe, has been concerned with this issued on the grounds of the BFH since then.
