FG DĂĽsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax
FG DĂĽsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax The demolition of your parent”s home post-inheritance may lead to a retrospective loss of tax-exempt status. That was the verdict of the Finanzgericht (FG) DĂĽsseldorf – the Fiscal Court of DĂĽsseldorf – in a judgment from January 8, 2020 (Az.: 4 K 3120/18 Erb). Children who inherit real estate from their parents can receive an exemption from estate tax even if they go over their personal tax allowance of 400,000 euros. We at the commercial law…
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