Changes to inheritance tax may make inheritance and gifts more expensive from 2023. What notaries advise if you want to transfer the property before the turn of the year.
Inheritances can not only cause disputes within the family, but sometimes also between the federal and state governments: as a result of new valuation rules for real estate, many expect higher inheritance and gift taxes from 2023. Inheriting and giving away then becomes more expensive for those involved.
Federal Finance Minister Christian Lindner (FDP) therefore wants to get to the allowances and increase them. “In my opinion, they should be raised by about 25 percent,” he told the “Augsburger Allgemeine”. Antje Tillmann, financial policy spokeswoman for the CDU/CSU parliamentary group, insists on it. “We’re going to ask that so the average single-family home stays exempt from the increase,” she told Capital.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
