Quote:
Originally Posted by woof
The answers you get always depend on the questions you ask! 
Again - read my lips!  My example was not about spouses passing away but a friend, thus not a relative. Spouses fall under tax class II, as children above 21 do. Up to a personal capital of 402.678,11€ the factor applicable is 1,00, but as soon as this amounts raises to 4.020.770,98€ they also face a factor of 1,2. (§21 tax law).
Ofcourse it's not about immediately selling real estate to cover the tax load - as long that's not completed you're not the owner who would have the right to do that, i left out the trival step of a bridging financial operation.
And the timepoint with regard to the spanish german tax treaty is correct, Jan. 20th as far as i found out, but nothing has moved for 40 years and it just did not cover heirship. |
Can I just say .... I cant read your lips for obvious reasons, its an unfortunate turn of phrase in the UK often used in an aggressive way, which I'm sure is not your intention
Yes I see your example, but your original post just stated inheritence tax is up to 80%, and you have to remember there are a lot of people in different situations reading this forum and that would probably cause some to have a heart attack.
I'm not sure that any of the tax treaties address heirship .... its a really bad tax for people who live here and as you say can be terribly cash draining. Its designed to favour families, hence why in the past so many homes have passed down through families from generation to generation, as then there is hardly any inheritence tax involved. They dont cater for foreigners I'm afraid and thats why we are well and truly stuffed. There are ways and means of accomodating it though
I'll have to research the factoring that you mention as it is news to me