Bavarian Finance Minister Albert Füracker is advocating for an increase in inheritance tax exemption thresholds, signaling a renewed push for reform of the current system. According to statements provided to media outlets within the Bayern Media Group, the focus is on providing relief to citizens, rather than increasing the tax burden.
Füracker emphasized that Bavaria has consistently proposed specific and targeted reforms to inheritance tax for several years. He stressed the urgent need to adjust the existing thresholds, which have remained unchanged for 17 years, to reflect the impact of rising prices. The concern is that the current situation can lead to heirs being compelled to sell family homes, like their parents’ residences, simply to meet inheritance tax obligations.
The call for a reform echoes a recent suggestion by CDU parliamentary group leader Jens Spahn. Bavaria has consistently voiced support for the regionalization of inheritance tax and is currently challenging the existing legal framework before the Federal Constitutional Court.
Füracker cautioned against linking inheritance tax reform with tax increases. He underscored the precarious state of the German economy, highlighting the need for economic growth. Any increase in taxes affecting businesses and business succession, he warned, would further diminish the appeal of Germany as an attractive business location.
