Heritage tax is levied on transfers after death of property or assets. The beneficiary pays this duty. Applicable legacy tax rates vary according to the beneficiary's relationship to the deceased. Three relevant relationship classes and exemptions apply: عقارات
Beneficiary categories:
Class I: spouses and civil partners, children and step-children, parents, grandparents.
Class II: brothers (brothers), children (nephews, nieces), step-parents, parents-in-law, brothers-in-law, sisters-in-law, divorced marriages
Class III: all other persons
Property transfer is subject to legacy tax at graduated rates based on the value of the property and the family relationship classes (see below).
EXEMPTION CLASS RELATIONSHIP (€)
I
Spouse
€500,000
Kids and step-kids, grandchildren
€400,000
€200,000
Parents and grandparents, big kids.
€100,000
II
€20,000
III
€20,000
Source: Guide to Global Property
TAX INHERITANCE
BASIC TAX, € CLASS I CLASS II CLASS III.
Up to 75,000 euros
Seven percent
15% 15%
Thirty percent
75,000 euros – 300,000 euros
11% 11%
20 p. 100
30 p.cent
300,000 euros - 600,000 euros
15% 15%
25 p. 100
30 p. cent
600,000 euros - 6,000,000 euros
19% of the
30 p. cent
30 p. cent
€6 million - €13 million
23% of the
35% 35%
Fifty percent
€13 million - €26 million
27 per 100
Forty percent
Fifty percent
More than €26,000,000
30 p. cent
Four3 percent
Fifty percent
Source: Guide to Global Property
LAW INHERITANCE
Thanks to Martínez-Oliver Echevarría's Braun, Perez and Ferrero
In Germany, what inheritance laws apply?
The legacy law of the deceased's nationality applies in Germany.
In German international law, the applicable law is the nationality, subject to the following exceptions, of the deceased when he or she is dead:
If a deceased stranger owns real property in another country under special rules, German law recognizes such special rules regardless of the deceased's nationality.
When foreign international law refers to inheritance issues under German heritage law, German law shall apply.
Irrespective of its nationality, the German real estate owner may determine that German law on inheritance applies.
The "Nachlassgericht," a subdivision of the Local Court at the last place of residence of the deceased, is the competent authority for heritage in Germany. It is the notary in the Federal State of Baden-Württemberg. For complaints against resolutions of the probate court, each District Court has a specialized chamber. The accurate formal requirements and the approximate time for completion vary greatly depending on the complexity of each case, thus making it impossible to make an accurate estimate of the length of the heritage process in Germany.
The German system of heritage includes legal heirs.
Universal succession is the main principle in German heritage law, i.e. the assets, as well as all its legal or contractual rights are transferred to the heirs, duties and duties. If the inherited obligations exceed the value of the inherited rights and assets, the rejection of the inheritance may be advisable.