en

Tag: succession

Inheritance and gift tax – continued deregulation

Posted on by kancelaria

This is not legislative déjà vu.

Although an amendment to the Inheritance and Gift Tax Act, which is part of a deregulation package, came into force on 20 August this year, in October the Sejm began work on another draft amendment… to the same act.

The draft (Sejm print 1837) introduces changes beneficial to taxpayers in terms of determining the date of the tax obligation, calculating the deadline for filing a tax return and the possibility of restoring it.

The proposed amendment is discussed on Lexplorers by Aldona Leszczyńska Mikulska, partner at GWW.

Link to the article: https://tiny.pl/fw-tzg2q

Inheritance from a collector: taxation of the sale of art collections and collectibles

Posted on by kancelaria

Works of art – not only fine arts, but also applied arts – are valuable investment assets, often included in the estate.

In this context, it is worth noting a relatively recent individual interpretation by the Director of the National Revenue Information Service, in which this authority recognised the sale of inherited collectibles (coins) at auction houses or on internet portals as an activity in the sphere of private asset management – even if the seller is an entrepreneur in the numismatic industry.

The topic was taken up on our Lexplorers blog by Aldona Leszczyńska-Mikulska, legal advisor and partner at GWW law firm.

Link to the article: https://tiny.pl/qtq2dtxy