Outbound advisory services for private individuals
We’ll help you out of the Double taxation trap, which often snaps shut before you know it. This applies to the Taxation of your foreign assets in Germany at the Income tax and inheritance tax.
Under both income tax law and inheritance and gift tax law, the German tax authorities attach far-reaching tax consequences to domestic residence. Under the so-called „unlimited tax liability“, a taxpayer’s total worldwide income is subject to taxation. However, the countries in which assets are held or income is earned also levy tax under the so-called „limited tax liability“. This gives rise to a classic case of double taxation.
Our services for private individuals
In this Context: we advise You on the following topics:
- How to complete your income tax return with foreign income in the best possible way
- How to complete an inheritance tax return covering foreign assets in the best possible way
- Avoiding or minimising double taxation
- Optimising the tax treatment of overseas investments
- Inheritance law issues relating to assets held abroad and to family members who are foreign nationals or resident abroad
- Property taxation abroad – for example, in Spain, Italy, France or Portugal
- Taxation of pensions and taxation of pensioners abroad
- Declaration of previously undeclared foreign income
- Minimising the damage caused by tax evasion