You are sole heir, or there are co-heirs
In the event of death is not much time for most to mourn, if the Erbnachlass an apartment
Because you as an inheritance, and must deal with the following questions and this Is also still under a certain period of time: the legacy adopted or be knocked out.
How to change the basic book entry. To use the apartment yourself, rent or sold. What are the taxes on the Inheritance. In our how to articles we have compiled for you the answers. Basically, if you inherit an apartment or a house, don't take values only the assets but also the responsibility for the liabilities or debts of the deceased. In the case of the settlement of the succession, you should determine in advance whether the estate and, in particular, the property is over-indebted or of value. Existing charges, mortgages or other easements, you will find this in the land register, the you have as a heritage right to inspect. A model application for the excerpt you can download for free. Extract from the land register Is over-indebted, the legacy clearly, that is, the Liabilities exceed the assets, you should not accept the Inheritance.
This also applies if the Erbnachlass, so the apartment is in need of remediation, or with existing stresses such as land charges and mortgages encumbered.
The apartment is worthless if the remediation expenses or the repayment of the debt is not so high that the effort is worth for it bottom line. The Erbausschlagung must be in written Form and notarized before it is submitted to the probate court. It is important that you were the Inheritance within the deadline exclusive, because the waiver period is not extended. The waiver period is six weeks and begins with the acknowledgement of the Testator, and, accordingly, the Information that you are the heir. Decisive is in the end, however, what you intend to do with the inherited property. If they repent, accepting or Renouncing the Inheritance, you can use the statement under certain circumstances, to challenge. This also applies if you have missed the end of the waiver period. However, if you have inherited the house or the apartment of your parents, you could still have memories and emotions to the heritage bound. Or the testator, expressed as a last wish, that the property should remain in the family's possession, then a different situation applies here, of course. If the property is not guilt-related, and you may have plans with the inherited estate, you can accept the inheritance without hesitation.
Can be inherited, the apartment is tax-free
Note: anyone Who applies for a certificate of inheritance, the heir. You can free download a pattern for the request for grant of a certificate of inheritance with Testament and an application to the legal succession in the case of us. with Testament, intestate succession If you are the sole heir of the Erbnachlasses, but this is still with the other heirs, then they form with their co-heirs, a heritage community. You can as individual heritage do not have the property, because each heir has a Share of the inheritance. No heritage can act without the other, therefore, it is of some importance as to what should happen with the property. In the event that you and your co-heirs do not want to manage the property together, then you can use some of the ideal way to sell the apartment. A sale of the property due to a lack of consensus is not possible, in the final analysis, only the division of the auction. A division of the auction is, however, connected on a regular basis with losses, because the proceeds will usually be below the amount you about a sale on the open market could achieve. You also need to assume that the judicial proceedings could take months to complete. In this time, the apartment or the house must be maintained of course, otherwise, the expiration is imminent, if it is not inhabited. If certain conditions are met, is it possible to inherit an apartment also tax-free. No inheritance tax is due if: example: your inherited property value has a traffic of. Now, two hundred"m remain tax-free, and for the fifty additional square feet to go take the inheritance tax. If, however, the remaining fifty m and a market value of perhaps. euros, you are under your tax-free amount of. Euro, and thus do not pay inheritance tax. The inheritance tax is nevertheless, because after deduction of the liabilities of the calculated discount on the amounts of exemption, the estate tax rates somewhat tolerable. For example, you pay in inheritance tax class I after deduction of the allowances up to the value of the estate of. euros, seven percent inheritance tax, which is. In the case of a discount value of up to. Euro eleven per cent fall as an inheritance tax rate, say. Have to pay tax on it only such amounts, the less the tax-free amount will remain. The inheritance tax free amount is dependent on the relationship. If you have a apartment has been left and you have accepted the inheritance, it must be shown that the Change of ownership in the land register. This means that in the land register in place of the testator, now, you, the heir, as the owner of the apartment must be registered.
First, you need to provide to the competent land registry office a request for a Correction.
You must be able to show the land registry that they have inherited the dwelling in question. This proof you can provide by presenting a certificate of inheritance, a will or an inheritance contract. It is important that the documents you enclose to the application, without a doubt, that you are the heir and new owner of the apartment. There are other persons in the apartment or the house have inherited, so-called co-heirs, entered all the new owner as a heritage community in the land register. In General, it is for the land register rectification is not necessary to hire a notary. So if you have the time to take care of the formalities yourself, you can save the costs for the notary quietly. If the request is made on the land register rectification within a period of two years after the death of the testator, the will charge you for the land registry no fees. This period shall be extended accordingly, if the acquisition of the property is done to a later distribution of inheritance.
If the application to the land register, the correction is submitted after the expiry of the period referred to, the amount of the fees according to the value of the apartment, which they have inherited.
If you have now accepted the inheritance, the land register adjustment was made and now think of how it goes with the property, then you have the Option of For self-use.
Because often, the emotional attachment to the apartment of the parents or grandparents, and the desire to save rent payments and the high inheritance tax, for self-use.
However, before you move into the apartment, which has been bequeathed, you should check whether this Option is really the best. Ask in advance the following questions: do you have to purchase in addition to the Option, the property itself is also the possibility to rent these.
However, before you consider this Option, you should note the following aspects.
It is worthwhile to rent the apartment, if: If you have inherited a flat, which became after the death of the testator is free and is not rented, it is worth to sell the property, instead of renting them, unless they are with their co-heirs agree. In this way, you don't have to deal with any modernization measures, which would be necessary the apartment for rent. You can also achieve with the sale of a private apartment, as a rule, far more than with the sale of the leased objects.
The reason for this is that demand for vacant homes is higher than for investment objects.
Rented apartments are usually only for investors interesting, since the high process many buyers deters risk in the case of a termination of the lease due to own use, rented dwellings.
In the case of a sale you should also pay attention to the applicable tax on Speculation, and speculation period.
The apartment for sale is part of the private sale transactions, and thus, the profit from the sale is subject to income tax. In the case of inherited property, the original purchase date of the testator is the determining factor for the beginning of the speculative period. The tax, but only if you sell your inherited house or her house within the period of ten years want to. If you, as a sole heir or co-heirs, are nevertheless sure to be a sale of the inherited the apartment is the most lucrative, remains to be superior only when the ideal time of Sale, should not necessarily be the current real estate price level involved.
You now start the sales process with a free property valuation PROPERTY assessed.
