Which documents are needed for inheritance tax?
May 8, 2024 | 40,00 EUR | answered by Wilhelm Ackermann
Dear tax advisor,
my name is Irmgard Ahlert and I am currently facing the challenge of settling the inheritance tax for my deceased father's estate. I am unsure of the documents I need for this and the best way to proceed.
My father left me a property, a car, various securities, and a savings account. I know that the value of these assets is relevant for the calculation of inheritance tax, but what specific documents do I need to provide? Do I need appraisals for the property, or are purchase contracts and bank statements sufficient?
I am worried that I might overlook important documents and encounter issues with the tax office as a result. Therefore, it is very important to me that I do everything correctly from the beginning and fulfill my tax obligations properly.
Could you please list specifically which documents I need for the inheritance tax? Are there any forms or applications that I need to fill out? And what deadlines should I be aware of to avoid possible penalties?
Thank you in advance for your support. I look forward to your response and hope that you can assist me with this matter.
Sincerely,
Irmgard Ahlert
Dear Mrs. Ahlert,
Thank you for your inquiry regarding inheritance tax and your uncertainty about the necessary documents and procedures. It is understandable that you are concerned about handling everything correctly to avoid any problems with the tax office. I am happy to assist you and will explain in detail which documents you need and how you should proceed.
The following documents are usually required for the calculation of inheritance tax:
1. Proof of the inheritance: This includes primarily the inheritance certificate or a notarized will to prove your status as an heir.
2. Proof of the value of the inheritance assets: For the property, you usually need an appraisal by an expert or at least a current valuation by the local tax office. For the car, you can determine the market value based on comparison offers. The market value of securities at the time of inheritance is relevant. A copy of the current account balance is sufficient for the savings account.
3. Purchase agreements and bank statements: These documents are also important to prove the acquisition of assets.
In addition to these documents, you should also fill out the inheritance tax declaration form and submit it to the relevant tax office. The deadline for submitting the inheritance tax declaration is usually three months after becoming aware of the inheritance. Please note that a late submission can result in late payment interest or even penalties.
It is advisable to gather all documents carefully and seek assistance from a tax advisor if necessary to ensure that all required documents are complete and correct.
I hope this information helps you with the inheritance tax process. If you have any further questions or need assistance, please feel free to contact me.
Best regards,
Wilhelm Ackermann
