Insight
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Insight
Potential Double Taxation of Distributions from a Foreign Trust
In individual cases, distributions from a taxopaque foreign family trust to a German tax resident beneficiary may be subject to both gift tax and income tax. This was recently decided by the Munich Fiscal Court, basically confirming the guidelines laid down by the Federal Fiscal Court.
in: Private Equity Magazin, www.pe-magazin.de, October 11, 2024
