Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers
In Germany, transfers of assets between generations are subject to inheritance and gift tax.1 However, there are different views on whether or not the present level of taxation is high enough. Our study looks at the potential for applying increases. We show that the constitutional framework does in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Tübingen University
2020-12-01
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| Series: | Intergenerational Justice Review |
| Subjects: | |
| Online Access: | https://igjr.org/ojs/index.php/igjr/article/view/830 |
| _version_ | 1797194223421751296 |
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| author | Johannes Stößel Julian Schneidereit Sonja Stockburger |
| author_facet | Johannes Stößel Julian Schneidereit Sonja Stockburger |
| author_sort | Johannes Stößel |
| collection | DOAJ |
| description |
In Germany, transfers of assets between generations are subject to inheritance and gift tax.1 However, there are different views on whether or not the present level of taxation is high enough. Our study looks at the potential for applying increases. We show that the constitutional framework does indeed allow for higher taxation in the case of intergenerational property transfers. We identify the essential points in current German inheritance and gift tax law, which make it possible to transfer large assets with no or low inheritance tax burden. For these points as well as the determination of tax rates, we propose reform approaches and present options for the use of possible additional income.
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| first_indexed | 2024-04-24T05:52:52Z |
| format | Article |
| id | doaj.art-e9b4b4c590984da6b14411561e3b1d0b |
| institution | Directory Open Access Journal |
| issn | 2190-6335 |
| language | English |
| last_indexed | 2024-04-24T05:52:52Z |
| publishDate | 2020-12-01 |
| publisher | Tübingen University |
| record_format | Article |
| series | Intergenerational Justice Review |
| spelling | doaj.art-e9b4b4c590984da6b14411561e3b1d0b2024-04-23T11:07:21ZengTübingen UniversityIntergenerational Justice Review2190-63352020-12-0162Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfersJohannes StößelJulian Schneidereit0Sonja Stockburger1Otto-Friedrich-Universität BambergOtto-Friedrich-Universität Bamberg In Germany, transfers of assets between generations are subject to inheritance and gift tax.1 However, there are different views on whether or not the present level of taxation is high enough. Our study looks at the potential for applying increases. We show that the constitutional framework does indeed allow for higher taxation in the case of intergenerational property transfers. We identify the essential points in current German inheritance and gift tax law, which make it possible to transfer large assets with no or low inheritance tax burden. For these points as well as the determination of tax rates, we propose reform approaches and present options for the use of possible additional income. https://igjr.org/ojs/index.php/igjr/article/view/830Intergenerational property transfersFair taxation |
| spellingShingle | Johannes Stößel Julian Schneidereit Sonja Stockburger Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers Intergenerational Justice Review Intergenerational property transfers Fair taxation |
| title | Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers |
| title_full | Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers |
| title_fullStr | Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers |
| title_full_unstemmed | Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers |
| title_short | Inheritances and gifts: Possibilities for a fair taxation of intergenerational capital transfers |
| title_sort | inheritances and gifts possibilities for a fair taxation of intergenerational capital transfers |
| topic | Intergenerational property transfers Fair taxation |
| url | https://igjr.org/ojs/index.php/igjr/article/view/830 |
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