Family sale
If you own a property in Denmark it may be relevant for your to pass it on to your children or other family members.
Several situations like
- Securing a summer residence in the family
- Handing over an apartment and avoid taxation on the parents profit
- Inheritance planning
- Passing on a business property to the next generation
The situations varies, but the general wish is to avoid or minimize taxation and by this making ot possible to keep the property or making it possible to let the next generation into a situation where they own their own home – even if it is in a nice location.
The starting point of the law is that family must trade on market terms. However, the public valuations may in some cases be used as an alternative to market price when passing property in direct line as in from father to son etc. Further more it is optional to vary +/-20% from the public value. This can in many cases lead to a possible price on the property which may be very different from the market price. This may lead to substantial tax savings for the parties involved.
PrivatRevion has helped in hundreds of family sales – often securing tax savings and good solutions for the family.
It is possible to buy the whole package with us – or you may buy one hours counselling to enlighten your possibilities.