Alexandra Sofia Wrobel
Specialist lawyer for tax law
Phone: +49 (0) 221 / 97 31 43 - 69
The gift tax and the inheritance tax are regulated according to the gift tax and inheritance tax act and are similar as far as tax category, tax rate and tax allowance are concerned. The advantage of a donation lies in the fact that the parties involved can make use of the allowance every ten years. The person who makes the gift can pay the tax for those who receive the gift. A proficient tax and inheritance planning can help to reduce tax rates.