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An overview of key tax considerations for private clients in Germany, including coverage of tax residence and domicile, capital gains, inheritance, real estate and trusts.
To qualify for tax exemption, it is necessary to move into the inherited family home without delay To qualify for tax exemption, it is necessary to move into the inherited family home without delay Waiting too long to move into the inherited family home may render it impossible to claim tax exemption. That was the verdict of the Finanzgericht (FG) Düsseldorf – the Fiscal Court of Düsseldorf – in a ruling from March 10, 2021 (Az. 4 K 2245/19 Erb). According to Section 13(1) No. 4 c) of the German Inheritance and Gift Tax Act (Erbschaftsteuer- und Schenkungsteuergesetz, ErbStG) the family...