Inheritance and gifts
If you are planning to make a gift or wish to address your relationship with your heirs, contact Dantax for advice – and do not wait too long. For instance, you can make use of the tax-free allowances and the fact that the taxation is based on the form of the contemplated gift/inheritance and is also dependent on the beneficiary’s country of residence. But please remember that finding an optimal solution requires time, and we cannot give you an answer ”on demand”.
You also need to be aware that any cross-border aspects may complicate the inheritance or gift. It goes without saying that this is an area which cannot be navigated with a standard list of answers, but only with careful consideration and advice. Here, you benefit from our many years of experience. We can assist you with the reporting of gifts or the inheritance to the German authorities and know the tax-free allowances as well as the German valuation rules.
Please note: If you have any children or parents living on the other side of the border, you should always familiarise yourself with the different rules before making a gift or bequest. This is also important if they are all living in Denmark/Scandinavia but hold shares in a business, and its registered office is in Germany.