What deadlines apply for the submission of the inheritance tax declaration?
July 16, 2024 | 55,00 EUR | answered by Ella König
Dear tax advisor,
My name is Fred Herrmann and I am faced with the difficult situation of having to submit an inheritance tax return. My father recently passed away and left me an inheritance. Now, I am unsure about the deadlines for submitting the inheritance tax return and how to proceed.
I have already done some research and found out that the inheritance tax return is usually required to be submitted within three months of becoming aware of the inheritance. Unfortunately, I only recently found out about the inheritance and want to make sure that I handle everything in a timely manner.
My concern is that I may not meet the deadlines and this could potentially result in penalties or delays in the processing of the inheritance. That's why I am reaching out to you to clarify the applicable deadlines and to potentially get assistance in preparing the inheritance tax return.
Could you please explain in detail the deadlines for submitting the inheritance tax return and the best way for me to proceed to ensure everything is done on time? Are there any options to request deadline extensions or to get assistance in preparing the inheritance tax return?
Thank you in advance for your help and support.
Sincerely,
Fred Herrmann
Dear Mr. Herrmann,
I understand that filing an inheritance tax return is a complex and important matter, especially in an emotionally challenging time like after the loss of a loved one. It is good that you are addressing this issue early on and want to make sure that you comply with all legal requirements.
The statutory deadline for submitting the inheritance tax return is typically three months after becoming aware of the death of the deceased. This period starts from the moment you, as the heir, learn about the death of the deceased. It is important to ensure that the declaration is submitted to the relevant tax office on time, as failure to do so may result in late payment penalties or other consequences.
If you are unable to meet the statutory deadline, you have the option to request an extension from the relevant tax office. It is important to submit the request in a timely manner and provide plausible reasons for the extension. In general, an extension will be granted if there are valid reasons, such as complicated assets or missing documentation.
To ensure that you take all necessary steps to prepare the inheritance tax return on time, I recommend contacting a tax advisor early on. An experienced tax advisor can not only assist you in preparing the declaration but also help gather all relevant information and avoid tax pitfalls.
Furthermore, a tax advisor can help maximize potential tax benefits or exemptions to minimize the inheritance tax burden. Professional advice can help not only in acting on time but also in achieving financial advantages.
Overall, it is important to address the issue of inheritance tax early on to avoid potential problems and make the process as smooth as possible. Feel free to contact me if you have any further questions or need assistance with preparing the inheritance tax return.
Best regards,
Ella König
Tax Advisor
