Is it possible to involve the bank later due to a gift/financing?

I had to read through the whole thing a few times before I understood the situation. Practically, the father is giving you a house as a gift. To avoid paying gift tax, it should be handled in the form of a private loan, whose installments you basically pay into your own inheritance. You can do it interest-free, but then gift tax will be due on fictitious interest at a rate of 5.5%. It is better to agree on an interest rate in the contract, which should not be less than 3%. The fact that the loan is not repaid by the time the father dies should not matter for now. When that time comes, inheritance tax will be due anyway, including on the outstanding claim against you. But more will come on top of that if I correctly assess the financial situation in the family. You also don’t need a loan in 20 years for the outstanding balance with your father. Why should you pay him off then? Either he is still alive and you make a new contract, or everything will be settled through the inheritance beforehand anyway. If for some reason you do need money from a bank then, that is of course no problem. You will then also have a house worth around a million or so, which you can also use as collateral accordingly.

Why don’t you just wait until the gift tax exemption expires after 10 years and you can receive another 500k gifted from your dad? Or am I misunderstanding something?

Why don’t you just wait until the gift tax exemption expires after 10 years and you can receive another 500k gifted from your dad? Or am I misunderstanding something?

I didn’t understand that either, especially since 9 years have already passed. By the time you find a house, the last year will be over anyway. Otherwise, I don’t see any problem. 650k with 0.5% interest to your father. After 20 years, you probably will have inherited the money anyway. And if not, as someone already said, there’s always a new contract. The only difficult thing is your 0 percent interest. That is again a gift, because that interest rate is obviously not market standard.

I didn’t understand that either, even though 9 years have already passed.
By the time you find a house, the last year will also be over.

Otherwise, I don’t see a problem.
650k with 0.5% interest to the father.
After 20 years, you’ve probably already inherited the money anyway.
And if not, as someone already wrote, there’s just a new contract.

The only difficult thing is your 0 percent interest. That is again a gift, because this interest rate is of course not standard in the market.

It is more important to gift the company shares than the private assets. The latter can be divided and used for gift tax. A company would possibly be driven to ruin. That’s why as much as possible is transferred from the company first.
Besides, I still have siblings who would also want a house gifted to them...

And there would still be almost 2 years that we don’t want to wait, because we would be terminated earlier due to personal use.
We also want to use the purchase to move back to Berlin and not have to look for something here again for just one year.

Oh okay, d

It is more important to give away company shares than private assets. The latter can be divided and used for gift tax purposes. A company could possibly be ruined by that. That’s why as much of the company as possible is transferred first.
Besides, I still have siblings who also want a house gifted to them...

And there would still be almost 2 years we don’t want to wait, because we would be evicted beforehand due to own use.
We also want to use the purchase to move back to Berlin and not have to find something here again for just one year.

Oh okay, that makes sense of course!
I hadn’t understood that there are more company shares.

Then just take a proper market-rate loan from your parents and pay normal interest, which currently isn’t significant anyway.
That way the money at least stays in the family and it’s uncomplicated.
I would keep repayment rather low; residual debt is not a problem in your case.