News - Page 2 of 6

FG Münster: Deed of Variation not recognized in Germany for Inheritance and Gift Tax Purposes

The Tax Court of North Rhine-Westphalia (Finanzgericht Münster) has held on 12 April 2018 , that German inheritance tax cannot be avoided or reduced...

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Estate Tax: Effect of the Tax Cut and Jobs Act on German Domiciliaries

On December 22, 2017, Public Law 115‑97 ("Tax Cuts and Jobs Act") was enacted. Sec. 11061 of the Act more than doubles the estate and gift tax...

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German Inheritance Tax - Update 2017

The General Tax-free Exemption and Tax Rates of the German Inheritance Tax 2017

The personal tax-free exemption (§ 16 ErbStG) and the Tax Rates (§ 19...

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U.S. Tax Court: German Who Gave Up U.S. Residency Liable for Exit Tax

The case involved a German national, Mr. Topsnik. Mr. Topsnik was born in Germany and moved to the U.S. obtaining a green card and residency status in...

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New Regulations Change Withholding Requirements for Dispositions of U.S. Real Property

The IRS has issued regulations pursuant to the Protecting Americans from Tax Hikes Act (“PATH”) that make changes to the income tax withholding...

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Michael Jackson and US-Federal Estate Tax

The increase in the estate tax threshold to $5.25 million has significantly decreased the estates captured by the U.S. estate tax. The IRS reported...

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ECJ Rules that the German Inheritance Tax Act Violates European Law

This summer we reported on the Advocate General’s opinion on the matter Yvon Welte v. Finanzamt Velbert. The matter concerns the question as to...

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German Inheritance Tax: Federal Tax Court judgment on double (inheritance) taxation

On 19.6.2013 the German Federal Tax Court held that the guarantee of property does not require Germany to credit foreign inheritance tax levied by...

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