Search found 4 matches

by T-Bone
Sat May 25, 2024 2:37 pm
Forum: Taxes & finance
Topic: Holding foreign investments
Replies: 1
Views: 460

Holding foreign investments

I've inherited some stocks etc. from Canada, never had any investments before. The bank offered to let me have a managed investment account, which I guess is rare for non-residents. They will take withholding taxes, and I guess I'll get a credit for that in Germany. Does it make sense to keep them t...
by T-Bone
Wed Apr 24, 2024 12:42 pm
Forum: Taxes & finance
Topic: Inheritance tax on UK inheritance
Replies: 57
Views: 6416

Re: Inheritance tax on UK inheritance

... If you are paying inheritance tax in the UK (and you don't know that yet) then you don't want to pay it elsewhere as well surely? I definitely would not declare any of this in Germany as you could be tied up in paperwork for a couple of years! Even if you want to, you can't give any figures to ...
by T-Bone
Mon Apr 22, 2024 3:09 pm
Forum: Taxes & finance
Topic: Characterization of trust income
Replies: 0
Views: 480

Characterization of trust income

Another double-taxation question, maybe a long shot if anyone knows: In Canada, when a trust pays out its income from interest, dividends, or capital gains to a beneficiary, it's no longer considered as such to the recipient, but is re-characterized as "trust income". If paid to a German-r...
by T-Bone
Sun Apr 21, 2024 2:38 pm
Forum: Taxes & finance
Topic: Double capital gains tax on inherited/gifted foreign assets
Replies: 2
Views: 501

Double capital gains tax on inherited/gifted foreign assets

Hi all, first post on the new Toytown, great to see it back! I have a new name (it's a Seinfeld reference), you can probably figure out my old one if you're interested, which you're probably not... Panda touched on this topic here: Re: UK Inheritance and the German Finanzamt but I didn't want to hij...