Real estate, also known as “concrete gold”, has always been one of the most consistent and sought-after asset classes. Property owners have seen a real explosion in value over the past decade, especially in metropolitan areas. Rental and transfer of real estate are particularly interesting within the family. Because here tax benefits in income and inheritance and gift tax law can be used. This becomes relevant once again when the increase in value in recent years threatens a high tax burden.
In the case of real estate, a distinction must always be made between the property (land and soil) on the one hand and the standing building on the other. The general principles apply regardless of whether real estate is transferred within the family or to third parties. The family situation also has no influence on the tax assessment of a divestment transaction.
By hiring and transferring a property, the facts of various laws can be fulfilled. Above all, the following standards are affected:
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.