this post was submitted on 25 Jul 2023
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One in four new UK homebuyers under 25 rely on ‘bank of mum and dad’ – study (www.theguardian.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 1 year ago

When my last parent dies, almost half of their property value goes to tax, the rest I'd split with siblings

Where do you live of I may ask? In Germany, even assuming a laughably expensive property worth 2 million EUR and without any tax optimizations, with 2 siblings you'd have to pay a bit below 30k EUR in taxes and receive property worth 667k EUR per child. If you got the property worth 2 million only yourself, you'd have to pay around 300k in taxes max.