37 Church Street, Frodsham, England, WA6 6PN

Donations

Better to donate than bequeath? The so-called anticipated succession is becoming more and more popular as an alternative to leaving a will.

A donation is a donation

That's clear. Anyone who wants to donate their assets during their lifetime, however, should observe a few aspects in order to avoid unpleasant surprises.

Donations


Better to donate than bequeath?
Taxes: Pay attention when transferring real estate

With the gratuitous transfer of real estate - whether because of death or in the case of a donation - it must be borne in mind that these are subject to the payment of property transfer tax.

In the case of gratuitous donations, the property value is used as the calculation basis

Excluded from this is the acquisition of a property among living people or due to death, if the living area does not exceed 150 m2, and the property was used by the spouse or registered partner to whom it is donated or bequeathed as their main residence.

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Contact Info

Address: 37 Church Street, Frodsham, England, WA6 6PN
Email: info@philpottbaker.com
Website: www.philpottbaker.com