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Higher taxes in 2023: Giving away a house this year – what owners need to pay attention to

2022-12-07T04:27:59.754Z


Higher taxes in 2023: Giving away a house this year – what owners need to pay attention to Created: 07/12/2022 05:16 By: Patricia Huber If you want to avoid higher taxes on a gift, you should transfer your property this year. However, a few points should be noted. Berlin – With the change in the annual tax law, the amount of the gift tax also changes in many cases. According to experts, the le


Higher taxes in 2023: Giving away a house this year – what owners need to pay attention to

Created: 07/12/2022 05:16

By: Patricia Huber

If you want to avoid higher taxes on a gift, you should transfer your property this year.

However, a few points should be noted.

Berlin – With the change in the annual tax law, the amount of the gift tax also changes in many cases.

According to experts, the levy on real estate could then be 30 to 40 percent higher.

This is because the allowances do not increase in parallel with the tax.

However, if you want to avoid the significantly higher taxes when overwriting your property, you should hurry up and pay attention to a few important points.

Gift tax 2023: Finding a notary could be difficult

The biggest problem with a quick gift could be finding a notary.

He must notarize the donation.

"For the question of the tax assessment, it basically depends on the time of the certification of the donation," says Martin Thelen from the Federal Chamber of Notaries.

Opposite the

Handelsblatt

.

The appointment with the notary must therefore take place in December.

This year, however, it could be particularly difficult to get an appointment with the notary so late, Thelen makes it clear: "Experience has shown that the workload in notaries' offices is generally higher at the end of the year and this year in particular due to the changes in the tax assessment of real estate .”

Donation: What should be clarified beforehand

Also, making a donation is quite complicated.

If you are not an expert, you should definitely consult a tax advisor and clarify the most important questions in advance.

Among other things, it must be clarified whether the donor wishes to continue using the property himself.

A right of residence or usufruct would have to be agreed for this.

Any consideration or effects on the succession should also be clarified.

It is also important whether the property is to be transferred in whole or in part.

In the case of a partial transfer that does not exceed the allowance, tax payments can be avoided.

Donation 2022: "Tax clause" can provide security

So it's clear: In order to bring a donation through the stage this year, it also takes a lot of luck and, above all, expertise.

In addition, the donation should be well thought out and not rushed due to the change in tax law, experts warn.

also read

When the 300 euros of the energy flat rate really end up in pensioners' accounts

First property tax notices in the mailbox: this is what owners need to know

However, the tax burden should not be underestimated.

If you want to protect yourself, you can include a so-called tax clause in the contract.

In this way, the donor could partially reverse the donation in the event of a tax burden.

(ph)

Source: merkur

All news articles on 2022-12-07

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