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...
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...
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...
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...
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...
British Columbia: Wills, Estates and Succession Act will come into force March 31, 2014
New probate rules and the Wills, Estates and Succession Act (WESA) will come into force officially on March 31, 2014.
Victoria (Australia): Succession Law Reform Act
Victoria (Australia): Succession Law Reform Act
Submissions for this inquiry closed on 28 March 2013. Submissions will be published on this site in...
UK: Draft Inheritance and Trustees’ Powers Bill
Draft Inheritance and Trustees’ Powers Bill
Overview
Introduction
Consultation on the draft Inheritance and Trustees’ Powers Bill. This Bill gives...
NSW: Publication of probate notices on the Online Registry
From Monday 21 January 2013, all probate notices must be published on the Online Registry website.
Fiscal Cliff and Federal Estate Tax
The tax compromise between President Obama and the Congress that avoided the fiscal cliff in early January maintained the $5million estate tax and...
Glossary
Related publications
- U.S.-Trusts in German-American Estate Planning
- Disclaiming an inheritance under German law
- German Inheritance Tax - FAQ
- Community of Co-Heirs in Germany
- Administration of a U.S. Domiciled Decedent’s German Assets by a U.S. Personal Representative
- German Certificate of Inheritance
- Forced Heirship under German Law
- Taxation of U.S.-Trusts under the German Inheritance and Gift Tax Act
- Collection of a German Bank account of a Deceased domiciled abroad
- Administration of a nonresident Decedent’s German Assets