POELLATH advises UHNWI on cross-border transfer of foreign group shares

POELLATH advised German resident UHNWI who transferred his shares in a foreign group to the next generation living abroad.

For this purpose, various cross-border tax issues (e.g. exit tax and double taxation) had to be dealt with. In this regard, a solution involving a foundation was prepared. In addition, the entire group structure was subjected to an inheritance tax analysis and income tax, as well as gift tax burden calculations were prepared.

POELLATH advised the UHNWI with the following team:

• Dr. Andreas Richter (partner, private clients & foundations, Berlin / Frankfurt aM)
• Dr. Marcus Niermann (counsel, private clients & foundations, Berlin)
• Erik Muscheites (counsel, private clients & foundations, Frankfurt aM)