Which documents are needed for the inheritance tax declaration?
July 6, 2022 | 50,00 EUR | answered by Alwin Widmann
Dear tax advisor,
I am faced with the challenge of having to submit the inheritance tax declaration for an inherited estate. Unfortunately, I currently lack the necessary knowledge about which documents are required and how to submit them correctly.
My case is as follows: I recently inherited an estate and am now unsure about the steps I need to take to file the inheritance tax declaration. I want to ensure that I submit all the required documents fully and correctly in order to avoid any issues with the tax authorities.
My biggest concern is that I may have overlooked or misinterpreted important documents, which could lead to undesired consequences. Therefore, I want to make sure that I have all the necessary documents and information at hand to fill out the inheritance tax declaration correctly.
Could you please explain in detail which documents I need for the inheritance tax declaration and how I can best prepare and submit them? Are there specific forms or documents that I need to have ready? What deadlines should I be aware of and are there any specific considerations I should take into account?
Thank you in advance for your support, and I look forward to your helpful information.
Best regards,
Fred Niemeyer
Dear Mr. Niemeyer,
Thank you for your inquiry regarding the inheritance tax declaration for the inherited assets. It is understandable that you may feel uncertain in this situation and want to ensure that you take all necessary steps correctly. I will now explain in detail which documents you need for the inheritance tax declaration and how you can best prepare and submit them.
First, you should have the following documents ready for the inheritance tax declaration:
- The inheritance tax assessment notice that was sent to you by the tax office
- A list of all inherited assets, such as real estate, securities, cash, jewelry, etc.
- The corresponding evidence for the valuation of the inherited assets, such as appraisals, estimates, purchase agreements, etc.
- Any debts or liabilities of the deceased that can be deducted from your inherited assets
- Your personal information and tax identification number
- Any will or inheritance contract, if available
It is important that you submit all documents completely and correctly to avoid issues with the tax authorities. You can either fill out the inheritance tax declaration yourself or seek assistance from a tax advisor. There are specific forms for the inheritance tax declaration that you can obtain from the tax office or download online.
Regarding deadlines, please note that the inheritance tax declaration must be submitted within three months of becoming aware of the inheritance. If you are unable to meet this deadline, it is advisable to request an extension from the tax office. Also, keep in mind that the inheritance tax is usually due to be paid within one year of the inheritance.
There are some specifics that you should consider when filing the inheritance tax declaration. For example, there may be different tax rates depending on your relationship to the deceased. Exemptions and tax brackets also play a role in the calculation of the inheritance tax.
I hope this information helps you prepare for your inheritance tax declaration. If you have any further questions or need assistance, I am here to help. I wish you success in submitting the inheritance tax declaration and am available to assist you if needed.
Sincerely,
Alwin Widmann
