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Private Equity Magazin

The magazine for private equity-professionals | Private Funds • M&A • Tax

Private Wealth and Private Clients – Recent developments in German Law

The German legal and tax system offers a certain flexibility for private wealth and estate planning. If structured appropriately, taxpayers can take advantage of certain relief mechanisms for succession in family businesses. This flexibility has been increased in particular by the entry into force of the EU Inheritance Regulation. PE magazine authors Dr Andreas Richter and Dr Katharina Hemmen explain which legal and tax framework conditions also apply to wealthy private individuals and entrepreneurial families.

Tax

by Dr. Andreas Richter, POELLATH, Dr. Katharina Hemmen, POELLATH
26 October 2021
Private Wealth
The structuring and tax optimisation of private and business assets plays an important role, especially in succession planning. Source: Tinnakorn/AdobeStock

Private wealth and private client law in Germany is characterised by a high number of tax and legal regulations on the one hand and a high level of judicial review on the other. Not only the civil and finance courts, but also the state and federal constitutional courts, ensure the consistent and proportionate application of German civil and tax law.

In recent decades, private wealth and family-owned enterprises have been growing. Accordingly, private wealth and private client law in Germany primarily deals with individuals living in Germany and German family-owned companies structuring assets in Germany and other jurisdictions.

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Law Business Research_The Private Wealth and Private Client Review

This article was first published in: Law Business Research, The Private Wealth and Private Client Review, October 2021

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