The usufruct in relation to asset-managing partnerships

Usufruct is a proven tool in advising on succession constellations. Especially in the context of anticipated succession to family companies, it is a versatile instrument, particularly from a tax perspective. The decision of the Federal Fiscal Court (BFH) of 15 November 2022 (IX R 4/20) is to be taken as an opportunity to provide a brief overview of usufructuary rights in relation to asset-managing partnerships.