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Christian Lindner wants higher inheritance tax allowances

2022-11-23T17:56:21.251Z

Children of the deceased are currently allowed to inherit 400,000 euros without paying taxes. The amount has not increased since 2009. Finance Minister Christian Lindner thinks it's too long.



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Federal Finance Minister Christian Lindner (FDP): “There should be an initiative from the federal states”

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Frederic Kern / Future Image / IMAGO

Federal Finance Minister Christian Lindner has spoken out in favor of higher allowances for inheritance tax.

The head of the FDP said at the "Economic Summit" of the "Süddeutsche Zeitung" in Berlin that he thought it would be advisable to regularly adapt this, like other parts of tax law, to general price and cost developments.

However, it is a state tax, so he is careful with recommendations.

“An initiative should preferably come from the countries themselves if we were to finally adjust the allowances for inheritance tax.” These were last set in 2009, and since then there have been significant price increases.

There is currently an allowance of EUR 400,000 per child if the heirs do not live in the parental home themselves.

This amount should actually be around 500,000 euros today, said Lindner.

Bavaria's Finance Minister Füracker also for reform

Bavaria's Finance Minister Albert Füracker (CSU) had already spoken out in favor of higher inheritance tax allowances.

"It cannot and must not be the case that children have to sell their parents' home because they cannot afford the inheritance tax," Füracker said.

He pointed out that real estate prices in Munich, for example, have doubled or tripled in some cases since 2009.

The tax must also be regionalised, according to the CSU politician.

Each state government could then set the amount of inheritance tax itself.

The income from this goes to the federal states anyway.

sol/dpa

Source: spiegel

All business articles on 2022-11-23

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