Munich millions: Real estate values ​​are skyrocketing - financial expert gives heirs important tips

Munich millions: Real estate values ​​are skyrocketing - financial expert gives heirs important tips

According to a report from www.merkur.de, real estate in Munich is often part of inheritances worth millions. This presents heirs with particular problems in inheritance law, particularly with regard to high tax burdens. In 2023, the cost of inheriting real estate has increased again. To help heirs, Prof. Wolfgang Böh, a specialist lawyer for inheritance law, explains the most important tips and possible scenarios.

According to the article, there are various factors that can impact the real estate market:

1. Die Immobilie als Familienwohnheim: Wenn ein Kind eine Immobilie erbt, die von einem Elternteil bewohnt wurde, kann es unter bestimmten Voraussetzungen von einer Steuerbefreiung profitieren, wenn es das Haus als Familienwohnheim behält.

2. The property with multiple heirs: If a community of heirs arises, for example between siblings, the property belongs to all co-heirs. A decision must be made as to whether the property will be divided or sold. If no agreement is reached, the property can be auctioned off at the local court.

3. The property as an inheritance tax problem: An inherited property can lead to liquidity problems, especially if it was part of a business or agricultural asset. In such cases, it should be checked whether a deferment can be negotiated with the tax office in order to gain time to sell the property.

4. The property in the will: When parents attempt to fairly distribute real estate assets to their children, this can lead to disputes, especially if the distribution is not carried out professionally.

5. The rented property: If you inherit a rented property, you automatically assume the rights and obligations from the rental agreement. It is important to pay attention to notice periods, claims arising from the rental agreement and income tax treatment.

6. The property abroad: A property abroad can lead to processing problems in the event of an inheritance, especially if the country's inheritance law stipulates that its own inheritance law applies to domestic real estate.

These factors can have a significant impact on the real estate market and industry. Heirs have to deal with various tax, legal and financial aspects in order to find the optimal solution for the inherited property.

Source: According to a report by www.merkur.de