Insight
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Insight
No income tax liability on the sale of a property by a co-heir after the acquisition of an inheritance share
The sale of an inherited property regularly poses a number of challenges for communities of heirs. In a departure from previous case law, the Federal Fiscal Court recently ruled that the sale of a property by a co-heir after the acquisition of the remaining inheritance shares does not constitute a sale transaction subject to income tax. This results in new structuring options for practice.
in: DER BETRIEB Steuerboard, www.der-betrieb.de, February 21, 2024