Changes in the amended inheritance and gift tax law that were resolved in the course of 2009, have led to higher benefits for certain business property and a higher tax burden for other assets.

Practice Trends

Following the German government’s purchase of information about the foreign banking activities of German tax payers, and owing to increasingly severe punishments for tax fraud, more and more German tax payers are filing corrected returns in order to avoid criminal prosecution. Tax payers are also encouraged to correct returns by the new tax regime on capital gains from privately held property, which are subject to 25 per cent flat tax. There is, however, a recent move among government MPs to tighten the rules on corrected returns.


Germany is a civil law, democratic-parliamentary republic, founded in 1949, and reunified with eastern parts in 1990. Consisting of 16 federal states, Germany is a member of the United Nations, G8 nations and European Union (EU).

The currency is the euro (EUR).

Editorial board
Daniel Lehmann TEP
RP Richter & Partner, Munich, Germany
Norbert J Sailer Khuepach
Becker Büttner Held Partnerschaft, Munich, Germany
Susanne Thonemann TEP
Söffing & Partner, Düsseldorf, Germany


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