Search found 3 matches

by sesquiterpene
Sun Aug 25, 2024 12:24 pm
Forum: Taxes & finance
Topic: Gift/inheritance tax - can it be avoided if money is transfered temporarily?
Replies: 7
Views: 218

Re: Gift/inheritance tax - can it be avoided if money is transfered temporarily?

Thanks! I'd imagine that this should be the case, but also potentially a potential loophole they might want to just bluntly seal to avoid shenanigans: one could take a loan from their parents and "fail" to repay it until they are gone, never paying the gift tax. Loan is a good keyword. I'l...
by sesquiterpene
Sun Aug 25, 2024 5:56 am
Forum: Taxes & finance
Topic: Gift/inheritance tax - can it be avoided if money is transfered temporarily?
Replies: 7
Views: 218

Re: Gift/inheritance tax - can it be avoided if money is transfered temporarily?

Several banks have it in their FAQs that you can open an account without a Wohnsitz in DE. They'd like to transfer asap because things are very unstable and they feel safer, justified or not....
by sesquiterpene
Sat Aug 24, 2024 5:47 pm
Forum: Taxes & finance
Topic: Gift/inheritance tax - can it be avoided if money is transfered temporarily?
Replies: 7
Views: 218

Gift/inheritance tax - can it be avoided if money is transfered temporarily?

Dear all, I am an expat living in Germany. My family back in my home country is considering moving some money to a new account (on their name) in Germany due to security concerns back in my home country. Opening the account will take a while because they need to identify themselves when in Germany. ...