Munich The annual tax law is passed every year in December. It often includes a series of resolutions for different areas of tax law.
This year, the law contains twelve innovations in article that can become very expensive for millions of property heirs. If the law is passed – and that is considered very likely – new, more complicated rules will apply from January when it comes to determining the value of real estate.
Experts like the lawyer Anton Steiner, from the German Forum for Inheritance Law, are already talking about a “huge job creation measure for building experts”. In many cases, the new values would exceed the market value of the property and cause disputes between the heirs and recipients on the one hand and the tax authorities on the other.
What exactly is changing for those affected? And is it worth rushing to the notary? The Handelsblatt has compiled the most important points.
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