Credit of foreign inheritance tax against German gift tax

With the increasing internationalization of taxpayers and their assets, the avoidance of double taxation is also becoming more of a focus in the case of gratuitous transfers. In the absence of special double taxation agreements in the field of inheritance and gift tax, taxpayers are often left with no other option but to resort to national imputation rules. In a legally binding ruling, the Düsseldorf Regional Tax Court recently decided that it is also possible to offset Swiss inheritance tax against German gift tax. Laurenz Lipp deals with this decision in his current Steuerboard article.