Taxation of cross-border inheritances and donations
Einde inhoudsopgave
Taxation of cross-border inheritances and donations (FM nr. 165) 2021/3.1.1.8:3.1.1.8 Divergent debt deduction rules
Taxation of cross-border inheritances and donations (FM nr. 165) 2021/3.1.1.8
3.1.1.8 Divergent debt deduction rules
Documentgegevens:
Dr. V. Dafnomilis Adv. LL.M., datum 01-02-2021
- Datum
01-02-2021
- Auteur
Dr. V. Dafnomilis Adv. LL.M.
- JCDI
JCDI:ADS263305:1
- Vakgebied(en)
Internationaal belastingrecht / Voorkoming van dubbele belasting
Schenk- en erfbelasting / Algemeen
Toon alle voetnoten
Voetnoten
Voetnoten
Wolfe D. Goodman, “General Report: International Double Taxation of Inheritances and Gifts,” in Cahiers de Droit Fiscal International 70b, ed. IFA (London: IBFD, 1985), 37–38.
Wolfe D. Goodman, “General Report: International Double Taxation of Inheritances and Gifts,” in Cahiers de Droit Fiscal International 70b, ed. IFA (London: IBFD, 1985), 37–38.
Deze functie is alleen te gebruiken als je bent ingelogd.
The different rules regarding the deduction of debts connected to the property may also give rise to double taxation. The state of the objective nexus may not grant any deduction of debts secured by the property that it taxes, or it may allow only the deduction of those debts that are charged on the property within its jurisdiction or that have an economic connection with such a property.1 According to Goodman, if debts are equal to a substantial portion of the value of the decedent’s total assets, there may be a significant amount of double taxation. If the state of the personal nexus provides full deduction of debts, and the state of the objective nexus does not grant any deduction of debts linked to the property sited there, double taxation may arise based on the difference between the tax that would have been paid in the state of the personal nexus and the tax levied at the state of the objective nexus.2