The draft Family Foundation Act requires refining
On Monday, the draft Family Foundation Act was published. What are its advantages and disadvantages? What should be changed in it to respond to the needs of interested parties? An article by Aldona Leszczyńska-Mikulska, attorney-at-law in charge of the practice of advising private clients of GWW, is available on Prawo.pl.
The tax advantage of a Polish family foundation over a foreign one may be that relatives will be exempt from the inheritance and donation tax as long as benefits paid to them come from the property contributed to the foundation by the founder. However, it is not clear whether the property acquired by the foundation during its lifetime will also be covered by the exemption – writes Aldona Leszczyńska-Mikulska from GWW.
The exper's article can be found on Prawo.pl: https://www.prawo.pl/podatki/projekt-przepisow-o-fundacji-rodzinnej-wymaga-doprecyzowania,507320.html
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