this post was submitted on 25 Jul 2023
35 points (97.3% liked)

Europe

8484 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago
MODERATORS
[email protected]
35
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]
15 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [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.