What Non-Residents Need to Know About Inheritance and Gift Tax in Germany for 2024
Germany has specific regulations concerning inheritance and gift tax that apply to both residents and non-residents. Understanding these rules is crucial for non-residents who inherit assets from or receive gifts from individuals in Germany. This article outlines the key aspects of the German Inheritance and Gift Tax Act (Erbschaftsteuer- und Schenkungsteuergesetz – ErbStG) and provides guidance on navigating these taxes in 2024.