If you want to inherit your portfolio, you have to consider a few things.
(Photo: Imago/Westend61)
Munich The past ten years have been golden times for investors. The stock exchanges staged a historic rally, with many portfolios doubling their value during this time. The tax authorities are also pleased. Because when securities are inherited, the tax authorities also benefit from the price gains.
Nationwide, almost ten billion euros were collected in inheritance and gift tax last year. In 2011 it was not even five billion euros. This year, too, assets worth 120 billion euros are to be passed on to the next generation.
If you want to save taxes, you can use a legal trick: usufruct. The Handelsblatt explains how this works, for which investors it is worthwhile and what you should consider.
Legal tax trick: how usufruct accounts work
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