Inheritance and Gift Tax
Inheritance tax and gift tax are regulated in one law. Taxable is either a transfer by reason of death or a gift amongst livings. There are depreciations e.g. for family houses, families as well and for entrepreneurs (up to 100%). The tax rate is from 7% up to 50%.
Read more about this topic: Taxation In Germany
Famous quotes containing the words inheritance and/or tax:
“A slave who deals wisely will rule over a child who acts shamefully, and will share the inheritance as one of the family.”
—Bible: Hebrew, Proverbs 17:2.
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (1805–1859)