There is another very interesting possibility in terms of inheritance and gift tax: If you yourself have inherited or received assets as a gift, and have incurred inheritance or gift tax on these assets, and you transfer these assets to a charitable and/or benevolent foundation within 24 months of the inheritance or gift, the inheritance tax will be waived retroactively in accordance with the more detailed provisions of Section 29 (1) No. 4 of the German Inheritance Tax Act (ErbStG).
The above-mentioned possibilities for support naturally only represent a rough overview and are no substitute for a careful examination of your legal and tax circumstances in a specific case. We will be happy to put you in touch with experts when it comes to specific legal and tax issues or even the conclusion of a will.
Note: These regulations affect individuals and companies in Germany
