gift tax received

Source: Serviceportal Rheinland-Pfalz

Gift tax is levied on increases in assets acquired through no fault of the donor's own. The object of taxation is the gift inter vivos. As a supplement to inheritance tax, gift tax is intended to contribute to a fairer distribution of assets. This supplement is necessary in order to prevent the avoidance of inheritance tax on future inheritance through gifts made during one's lifetime.

An inter vivos gift is deemed to be, for example:

any free gift inter vivos, insofar as the beneficiary is enriched by it at the expense of the donor
the enrichment of a spouse or civil partner under a community of property agreement
what is granted as compensation for a renunciation of inheritance
the transfer of assets on the basis of a foundation transaction inter vivos

The assessment basis for the tax is the taxable acquisition. The taxable acquisition is the enrichment of the acquirer, insofar as it is not tax-exempt. The assets and deductible liabilities are valued in accordance with the valuation law.

Of particular importance is the valuation of real property. Real property values are determined, if necessary, in a separate procedure by the situation tax offices. The valuation standard is the fair market value of the land.

The tax class is also decisive for the amount of tax. This is because the tax class affects the amount of your personal tax rate and tax-free amount. Basically, the closer you are related to the donor, the less tax is due on the gift.

The amount of tax further depends on whether factual tax exemptions are to be taken into account. Of particular importance from the exemption catalogue are the tax-free amount for household effects of 41,000 Euros for acquirers in tax class I, the tax-free amount for other movable physical objects of 12,000 Euros for acquirers in tax class I, the tax-free amount of 12,000 Euros for household effects and other objects together for acquirers in tax classes II and III. The acquisition of a family home is also tax-free in many cases.

The law also provides for various exemption options in the case of the acquisition of eligible business assets and shareholdings as well as agricultural and forestry assets.

The gift tax arises at the time of the execution of the donation. As both donor and donee, you are generally obliged to notify the tax office responsible for the administration of gift tax of the acquisition in writing within a period of three months. The notification must contain details of the persons involved, the legal basis of the acquisition and its object and value.

In addition, the tax office learns of tax-relevant acquisition transactions through a large number of other notifications from third parties, e.g. through notifications from the registry offices, banks, insurance companies, courts and notaries. If, after evaluating these notifications, a tax assessment is to be expected, the tax office will request you to submit a gift tax declaration, which you must usually submit within one month; the declaration is accompanied by comprehensive instructions to make it easier for you to complete.

The return must be filed even if you believe that gift tax is not payable. The decision as to what is taxable and what is not is left to the tax office. If you subsequently realise that the tax return is incorrect or incomplete, you are obliged to report this immediately.

If you have to pay gift tax, you will receive a gift tax notice from the tax office. The assessed tax is due within one month of notification of the notice.

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Your responsible office:

Finanzamt Kusel-Landstuhl

Source: Serviceportal Rheinland-Pfalz

Die Finanzämter sind als örtliche Landesbehörden für die Verwaltung der Steuern mit Ausnahme der Zölle und der bundesgesetzlich geregelten Verbrauchsteuern zuständig, soweit die Verwaltung nicht aufgrund grundgesetzlicher Bestimmungen den Bundesfinanzbehörden oder den Gemeinden (Gemeindeverbänden) übertragen worden sind. Sie sind ferner für die ihnen sonst übertragenen Aufgaben zuständig.

Der Amtsbezirk des Finanzamtes Kusel-Landstuhl umfasst das Gebiet des Landkreises Kusel sowie der Verbandsgemeinden Bruchmühlbach-Miesau, Landstuhl, Ramstein-Miesenbach und Weilerbach.

Neben den Aufgaben für den eigenen örtlichen Zuständigkeitsbereich ist das Finanzamt Kusel-Landstuhl landesweit zuständig für die Verwaltung der Erbschaft- und Schenkungsteuer.

Aufgaben, die für das Finanzamt Kusel-Landstuhl von anderen Finanzämtern wahrgenommen werden, sind insbesondere:

Körperschaftsteuer (Finanzamt Kaiserslautern),
Bezirks-Betriebsprüfung (Finanzamt Kaiserslautern),
Prüfung von Groß- und Mittelbetrieben (Finanzamt Kaiserslautern),
Prüfung von land- und forstwirtschaftlichen Betrieben (Finanzamt Neustadt),
Wohnungsbauprämie (Finanzamt Trier),
Steuerfahndung, Bußgeld- und Strafsachen (Finanzamt Neustadt),
Grunderwerbsteuer (Finanzamt Worms-Kirchheimbolanden),
Finanzkasse (Finanzamt Idar-Oberstein).

Wissenswertes, aktuelle Informationen, Öffnungszeiten und Ansprechpartner finden Sie auf der Homepage des Finanzamtes.

Allgemeine Auskünfte zur Steuerverwaltung in Rheinland-Pfalz und zu einkommensteuerrechtlichen Themen können auch über die sogenannte Info-Hotline der Finanzämter erfragt werden. Diese ist von Montag bis Donnerstag in der Zeit von 8:00 bis 17:00 Uhr und Freitag von 8 bis 13 Uhr unter der Rufnummer 0261 - 20179279 erreichbar.

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gift tax received

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Your responsible office:

Finanzamt Kusel-Landstuhl

Finanzamt Kusel-Landstuhl

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