The German Growth Opportunities Act amends the German Inheritance Tax and Gift Tax Act by inserting the words "or includes a claim to the transfer of domestic assets within the meaning of section 121 of the Valuation Act" after the word "exists" in section 2 (1) no. 3 sentence 1 of the Inheritance Tax Act. Consequently, since the effective date of the law, a legacy (Vermächtnis) of a domestic property (Inlandsvermögen) is again subject to limited inheritance tax liability (beschränkte Erbschaftsteuerpflicht). The new law closes the taxation gap that arose as a result of the decision of the German Federal Fiscal Court dated 23 November 2022 - II R 37/19.
