German Real Estate Business
We assisted the German resident owner of the real estate business in Germany, Ireland and Czech Republic with succession planning and corporate restructuring. Of particular importance were the tax risks triggered by the change of control (stamp duties, transfer levies, capital gain taxes) and the effective tax rate on the profits distributed to the heirs. Among the corporate structures considered were foundations in Germany, Czech Republic, Cyprus and Liechtenstein, as well as trusts in Cyprus, Malta and Jersey / Guernsey.