Union and SPD have to be months of wrangling on a reform of inheritance tax agreed. This was reported on Monday in Berlin involved in the negotiations.
After that company heir will continue to largely exempt from death duties if they continue in this and get jobs. However, stricter regulations such as the Federal Constitutional Court the end of 2014 are required.
sparing decreases with the increasing size of the company
At the same time there are new limits for heirs, where a particularly large fortune will leave. From a total of 26 million euros they are only after a needs test can get tax relief – that is, if the heirs can prove that they can not cope the tax. If the inheritance at 90 million euros or more, there are, according to the plans in principle, not tax breaks.
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If the private assets remain private, intervenes tee model: with growing corporate assets a larger part of the business assets must be taxed. The sparing decreases rapidly with the size of the company’s assets – to zero. There would therefore be no sparing in the extreme case. No sparing is granted from a purchase of 90 million euros
For family with capital tied or restricted -. The heir can not decide freely on profits or sales – is a tax deduction scheduled goodwill. The may not exceed 30 percent. Means of a legacy that will be made in accordance with the deliberate intention of the testator within two years after his death, for investments in the company should be favored for tax purposes.
Green could delay reform
the end of 2014 the Federal Constitutional court, the exceptions in inheritance tax for business assets while approving in principle, but requires improvements. Until now remain completely spared from the tax corporate heirs, if they continue to lead the operation of seven years and the employment held constant. The Constitutional Court judges had favored general declared the end of 2014 to be admissible, but requires more stringent requirements.
After the agreement nor the Bundestag and Bundesrat must agree.. The aim is a law decision until the parliamentary summer recess on July 8. The chief judge had demanded the end of June a new regulation. It is still unclear whether the Greens in the Federal share the plans. You could delay it. The chief judge had demanded the end of June a new regulation. Negotiations had dragged half years.
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