Gift (Schenkung)
A gift (Schenkung) is voluntary transfer of property from one individual to another if both parties are in agreement that the disposition occurs gratuitously (§ 516 BGB). The individual who makes the gift is known as the donor (Schenker), and the individual to whom the gift is made is called the donee (Beschenkter). What constitutes a gift for gift tax purposes is stated in § 7 ErbStG. For more information please see the article Gifts in German Civil Law.
Related publications
- Estate Planning for U.S. persons with Property in Germany: German Situs Will or Global Will?
- Forced Heirship under German Law
- German Gift Tax
- German Inheritance Tax
- Gifts in German Civil Law
- Taxation of Trusts under the German Inheritance and Gift Tax Act
- Taxation of U.S.-Trusts under the German Inheritance and Gift Tax Act
- Wills for nonresidents with Property in Germany - German Will or Global Will