Morning Briefing: And now there's also the inheritance tax coming
The coalition has just got over a turbulent Monday, and now new trouble is looming: from today, the Constitutional Court is hearing arguments on the inheritance tax. Billions are at stake.
The German Federal Constitutional Court is set to consider the inheritance tax privileges for company heirs. Currently, up to €26 million in business assets can remain 85% tax-free if the company and payroll are maintained. For larger inheritances, tax can be waived if the heir cannot pay from their other assets. According to Finance Ministry documents, only 34 out of 275,000 inheritances and donations in the past year fell under the second rule, with the tax authority waiving €3.7 billion in taxes.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
