In 2024, gifts and inheritances worth 11.1 billion euros would be exempt from tax! A tax waiver? Where is there such a thing?

Well, in the Inheritance and Gift Tax Act!

💸 Inherited or gifted company assets can be transferred tax-free at a value of up to EUR 26 million at 85 % (standard exemption). For this purpose, the company must be continued in essence for at least five years.

💸 For larger business assets, purchasers can apply for full tax remission if they cannot pay the tax from their own disposable assets (test of the need for sparing). Here, the business must be continued for at least seven years.

According to current figures from the German government, in 2024 the tax authorities will have
41 Donations and
4 Inheritances
has granted such a tax waiver.

 👉 Would you like to transfer business assets in the best possible way? Talk to us!
We at WSB are happy to assist you with your tax questions and concerns: www.wsb-berater.com/kontakt

#Inheritance tax #Gift tax #Business succession #Wealth planning #TTax tips #Business assets #WSB