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Business Design Options

Design options in the business sector: the cross insurance through Liechtenstein life insurance the death of a fellow entrepreneur or business partner raises usually unforeseeable financial consequences. Without appropriate preventive / the remaining fellow entrepreneurs have to deal with the community of heirs of the deceased, the company can run into liquidity difficulties or it faces operational uncertainties. Such risks can be hedged with tailored life insurance strategies. They require but a corresponding planning and – to improve tax – also of the understanding of role-playing between the policyholder, the insured persons and the rightful claimants. Just so-called private insuring models using life insurance in Liechtenstein have not only because of the tax benefits but in particular also because of individual design possibilities in terms of personal protection, estate planning and wealth transfer especially proven.

The PMS AG headquartered in Mauren/Liechtenstein has specialized in this field and works only with reputable insurance partners. Also due to the now established legal certainty by the German tax legislation, these intelligent insurance solutions of again very popular enjoy. Fellow entrepreneur of partnerships, shareholders of corporations but also other business partners hedge each other in many cases by means of a cross insurance for the event of death of the other. The reasons for this are manifold. For one, the insurance benefit for the acquisition of the shares of the deceased whose heirs with contractor is intended. On the other hand liquidity difficulties arise, which is considered to be bridged; Here, the benefits from a life insurance policy paid to other entrepreneurs at the death of the operator and help mitigate the short – and medium-term liquidity bottlenecks. Cross insurance as optimal tax optimization strategy, with entrepreneurs as policyholders and eligible person complete a life insurance policy on the different partners as insured persons. The death occurs B as the insured of the insurance policy of A partner dies so receives the death benefit from his own police A inheritance – and income-tax.

The Spatial Bases Of Deductible Domestic Work Room

Accountant Monika Nadler from Brunswick informed since the complaint of the taxation practice of domestic work room by the Constitutional Court on July 29, 2010 these are tax deductible for a much larger group of people. However, long since not every native desktop meets the requirements of the financial law. The experienced Brunswick accountant Monika Nadler explains domestic study from point of view of financial management must meet the criteria. German financial courts evaluate study than are tax deductible – connected closely with the domestic environment of the taxpayer whose facilities, location and function. -serve type thought, organisational, administrative and written work. -which are used exclusively or absolutely mainly operational and professionally. For the tax assessment of a home work room, in particular its spatial location and connections to the private living environment are in addition to use-related aspects of Taxable person essential.

The law considers the requested mapping for all rooms, which are located within the apartment or the House of the taxpayer, given. Unless there is a direct involvement in the housing sphere, not only residential but also so-called accessory rooms in the basement or under the roof as a domestic study be admitted to withholding tax. The taxpayer, however, lives in an apartment building, the situation is more complicated. Lacking the rented premises in the basement or under the umbrella of a direct connection to the private living environment of the taxpayer, are, if necessary, tax as study hired to. The financial jurisdiction here relies on a comprehensive consideration of individual cases. A tax benefit is granted only for domestic study spatially separated from the actual living spaces. A space is only partially used as a study or it is a clearance, it is not applicable Tax deductibility. However, from a tax perspective, it is irrelevant, whether the concerned real estate was heard to property of the taxpayer or rented for residential purposes ownership not decide on the tax assessment of a work room.

The Brunswick accountant Monika Nadler says her clients with help and advice when it comes to take full advantage of the tax benefits of their domestic work room. She gladly answered further questions on this topic.