“It seems strange that lower allowances should continue to apply to rented residential property than to business assets”

Philip C. Hetzer, Managing Partner, DAHLER Invest on the SPD’s proposals for inheritance tax reform.

Philip C. Hetzer, Managing Partner, DAHLER Invest: “In principle, there is nothing to be said against standardising inheritance tax and against higher allowances. It seems strange that lower allowances are to continue to apply to rented residential property than to business assets. After all, there is a high social interest in a stable rent level and intergenerational ownership. Especially in the big cities, heirs of apartment buildings remain subject to inheritance tax even with an exemption of 1 million euros and the probability that the house will be offered for sale after the death of the inheritance remains high.”