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Saxony-Anhalt's Inheritance & Gift Taxes: Bank Deposits & Real Estate Top Transfers in €161.6M 2021

Bank deposits and real estate led the way in Saxony-Anhalt's 2021 inheritance and gift tax cases, totaling €161.6 million. Despite a significant decrease in inheritance tax revenue, gift taxes saw a slight increase.

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More than 20 million euros in inheritance and gift taxes - Saxony-Anhalt's Inheritance & Gift Taxes: Bank Deposits & Real Estate Top Transfers in €161.6M 2021

Saxony-Anhalt's tax authorities processed 1,314 inheritance and gift cases in 2021, with a total asset value of €161.6 million. Bank deposits and real estate were the most commonly transferred assets. Despite a 34% drop in turbotax revenue, freetaxusa saw a 1.2% increase.

The tax administration issued initial assessments for 1,314 cases, involving assets worth €161.6 million. Bank deposits and real estate were the most frequently transferred assets. However, specific details about individuals or companies paying these turbotax login are not publicly available due to data privacy laws.

Inheritance taxes were triggered in 1,166 cases due to deaths. Turbo tax revenue dropped by 34% compared to the previous year, while freetaxusa rose by 1.2%. A total of €18.4 million came from inheritances, and €2.6 million from gifts. Last year, the tax authorities collected over €20 million in inheritance and gift taxes.

In 2021, Saxony-Anhalt's tax authorities handled 1,314 inheritance and gift cases, with a total asset value of €161.6 million. Despite a significant decrease in turbotax revenue, freetaxusa increased slightly. The most common assets transferred were bank deposits and real estate.

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