Inherited an apartment, when to sell?

I believe it means that in the case of a timely sale, the inheritance tax is calculated based on the achieved sale price and not on an estimated value. (If I'm not mistaken)

who says?

then he could sell within the family for €5 and completely avoid inheritance tax?

no way

sagt wer ?

dann könnte er innerhalb der familie für 5 € verkaufen und dann die erbschaftssteuer ganz umgehen ?

gibt's nicht

Hello HilfeHilfe

that's more or less what is meant.
The tax office assesses the apartment according to a standard value.
If I then "spruce up" the sales value a bit through a small cosmetic measure, I have a certain benefit from the later sale.

Steven

Hello HilfeHilfe

that's roughly what is meant.
The tax office assesses the apartment according to a benchmark value.
If I then "spice up" the sales value a bit through a small cosmetic measure, I have a certain benefit from the later sale.

Steven

yeah and? I don’t understand. The tax office handles the inheritance tax once. When selling, they hold out their hand again to the buyer who has to pay the real estate transfer tax. Exactly at the higher price.

Any renovation cannot be offset against the inheritance tax. The costs can at most be claimed through the tax return. and only for work and household-related services

yes and? don't understand it.

Hello HilfeHilfe

the apartment is a bit, let's say old-fashioned.
If I do a renovation after the inheritance tax (I can do something like that myself) new paint, sanding parquet, possibly new bathroom, the achieved selling price can be well above the estimated value of the apartment.

Steven

Hello HelpHelp

the apartment is somewhat, let's say old-fashioned.
If I do a renovation after the inheritance tax (I can do something like that myself) new paint, sanding the parquet, possibly a new bathroom, the achieved selling price can be far above the estimated value of the apartment.

Steven

Yes, and then ??? You might possibly have to pay capital gains tax on top when selling. Your working time is leisure time

you have to pay speculation tax on top when selling. Your working time is leisure time

Hello HilfeHilfe

the 10-year period applies for the speculation tax.
The apartment was bought by the acquaintance in 1976. So the speculation period is over.
And working time and leisure time: I don’t separate it that way. Everything I do for myself is something like a hobby.

Steven