If the last will has walls:
Real estate in the inheritance
Real estate in the inheritance
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“Seit 1996 vermitteln wir erfolgreich Häuser, Wohnungen und Grundstücke in Frankfurt am Main. Von der Erstbewertung über die Vermarktung und Besichtigungsbetreuung bis hin zum Notartermin und darüber hinaus stehen wir unseren Kunden zuverlässig zur Seite und beraten sie persönlich, professionell und auf Augenhöhe.“ . Gegenseitiges Vertrauen ist uns nicht nur wichtig, wir machen es zum Leitgedanken unserer täglichen Arbeit.”
Michael Lang – Geschäftsführer
Zertifikat-Gepruefter-Immo-Erbrechts-Experte.pdf
Your informative real estate roadmap
for real estate owners and sellers
Take precautions early. Your heirs will thank you
A sensitive but important topic
Nobody likes to deal with settling their estate. But we recommend that you take precautions early and get your affairs in order. It is not uncommon for all ties to be torn between descendants due to inheritance disputes. Even if you want to avoid your heirs having to sell or mortgage the property in the event of an inheritance in order to be able to pay the inheritance tax, you should take precautions now.
Right of residence or usufruct
What is suitable for you?
If you want to reserve a lifelong right of residence or usufruct when transferring your property, this lowers the tax base for your heir.
Right of Residence: The right to occupy the property or a defined part of it.
The right of residence can be granted for life, until a certain point in time or until a defined situation arises. It is recommended to agree on a regulation of ongoing and periodic costs.
Usufruct is usually more sensible for the testator than a lifelong right of residence. Only with usufruct can you use the income from renting out the house to cover care costs, even if you move to a nursing home in the medium term.
Well advised with Lang Immobilien
Donation during your lifetime
Usufruct: In comparison to the right of residence, the beneficiary can both live here and also use the rental or lease agreements. The duration can be defined as well as the cost distribution.
Gift: The transfer of real estate during one’s lifetime. Here you can deviate from the legal succession. However, the statutory allowances, which can be exhausted every ten years, should be taken into account.
In combination with a usufruct, real estate can be transferred to subsequent generations in a tax-optimized manner over decades.
Tax exemption for spouses
Not everyone who inherits a property has to pay inheritance tax. If you live in your family home with your spouse until your death, the inheritance of the house remains tax-free for the surviving dependent if he or she lives in it for at least 10 years. If he or she sells or rents the property within this time, inheritance tax will be due.
Anyone who moves out for so-called compelling reasons also remains tax-free – for example if he or she becomes in need of care and therefore moves to a nursing home or to live with the children.
Tax exemption for children
Children or grandchildren who are named heirs can also benefit from tax exemption if they move into the property themselves – but only if the living space is a maximum of 200 m². If your house is larger, the market value of the remaining area must be taxed.
Be sure to clarify early on whether one of your children (and in the case of siblings, which child) would like to take over the property.
Arrange a consultation appointment now!
Sell or wait?
The valuation can answer the question
Especially if you only bought the property a few years ago, the tax requirements should not be underestimated. You can only sell property you have used yourself tax-free if you lived in the property yourself in the year of sale and in the two previous years. If you want to sell a property that you do not use yourself tax-free, you have to wait 10 years. Otherwise, the sale must be declared as a private sale transaction in the income statement. Only speculative profits up to 599 euros remain tax-free.
A valuation can answer the question of whether a sale is worthwhile despite the speculation period. The market is characterized by high demand – usually excellent prospects for sellers.
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The topics of gifts and inheritance are usually highly emotionally charged topics and dealing with them is often postponed or avoided for a long time. However, early planning is necessary, especially if you have large assets, in order to transfer family assets to the next generation in a tax-optimized manner. There are numerous models for living carefree and secure in old age. We are happy to assist you as a real estate specialist, advisor and good listener for these very private topics.
First class real estate service! Lang Immobilien GmbH stands for seriousness, excellent market knowledge, many years of experience and the highest qualifications in the sale and rental of real estate in the Frankfurt am Main area. We create individual solutions for each customer and impress with sustainable commitment, fairness and strong brokerage services.
What makes selling real estate in Frankfurt so profitable?
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Real estate sellers should be available 24 hours a day to respond to any inquiries or questions. We are always available so you don’t have to be and can concentrate on other things. Arrange a non-binding consultation appointment now!
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