Our information in the English language concerning establishment of charitable foundations or family foundations in Germany is currently still being developed. We kindly ask for your understanding. Therefore, please do not hesitate to contact us directly with your queries and concerns. For over ten years now, we have been establishing foundations for our clients. With us you are always competently advised and well represented. We look forward to receiving your message or call!
Die Zuwendung in den Vermögensstock einer gemeinnützigen Stiftung kann gem. § 10b Abs. 1a EStG bis zu einem Höchstbetrag von 1.000.000,00 € innerhalb eines Zehnjahreszeitraums als Spende abgezogen werden. Treten beide Ehegatten als Stifter auf, ist bei einer Zusammenveranlagung der doppelte Abzugsbetrag möglich. Von der Erbschaftsteuer sind Zuwendungen an gemeinnützige Stiftungen gem. § 13 Abs. 1 Nr. 16b ErbStG komplett befreit.
Our information in the English language concerning establishment of charitable foundations or family foundations in Austria is currently still being developed. We kindly ask for your understanding. Therefore, please do not hesitate to contact us directly with your queries and concerns. For over ten years now, we have been establishing foundations for our clients. With us you are always competently advised and well represented. We look forward to receiving your message or call!
If the charity is the focus of public interest, the idea of the establishment of a charitable foundation is often considered. If the focus is rather the benefit of family members, establishment of a family foundation might be a good option. Family foundations are subject to ordinary income tax. Charitable foundations can be exempted on application to the competent tax authorities.
The founder establishes an organisation that uses the foundation assets to pursue the desired purpose of the foundation. The foundation is therefore an independent pool of assets in the form of a legal person without an owner.
In Liechtenstein, recognition of the establishment of a foundation as a charitable foundation takes place on request to the foundation supervisory authority. Decisive in this process are the statutes, the purpose of the foundation (which must be unwavering in its charitable status), and the available assets. The Liechtenstein tax authorities are responsible for granting tax exemption. For a charitable foundation to benefit from tax exemption, its purpose must be in the public interest. Some examples are:
A Liechtenstein foundation can also support foreign beneficiaries and charitable institutions and organisations. Our lawyers and tax consultants will review your foundation project and help achieve the purpose of your foundation within the most favourable tax framework.
Donations to charitable foundations are also tax deductible. If you want to donate money to a foundation, our lawyers and tax advisers will advise you on the best possible underlying conditions in terms of the donation amount and when the donation is made.
Under Liechtenstein law, the purpose of a family foundation is to devote a specific asset to provide support for one or several family members. A relationship in the form of marriage, parenthood, adoption or other family connection must exist between the founder and the beneficiary. The purpose of the support could be to cover training costs, health care for a family member, or another similar purpose.
The establishment of a foundation can serve as a tool for the settlement of succession issues: foundations can be established during one’s lifetime, or by means of a will or testamentary contract. A foundation and a bequest are different legal institutions and the meaning and benefits of them have to be considered very carefully. It should be further noted that matrimonial rights and the regulations relating to wills and succession must be absolutely respected and cannot be bypassed. We will draw on our experience to identify any possible conflicts between foundation law, matrimonial rights and succession law, helping you choose the best instruments for implementing your wishes.
The expert lawyers and tax consultants at the Viehbacher law firm will advise you on establishing and managing foundations. We look forward to hearing from you!
Michaela Berger
Dipl.-Kfm., Tax Consultant, Specialist Advisor for International Tax Law
email: m.berger@viehbacher.com
Lawyer, Specialist solicitor for international commercial law
email: j.viehbacher@viehbacher.com
Our information in the English language concerning establishment of charitable foundations or family foundations in Switzerland is currently still being developed. We kindly ask for your understanding. Therefore, please do not hesitate to contact us directly with your queries and concerns. For over ten years now, we have been establishing foundations for our clients. With us you are always competently advised and well represented. We look forward to receiving your message or call!
Our information in the English language concerning establishment of charitable foundations or family foundations in Italy is currently still being developed. We kindly ask for your understanding. Therefore, please do not hesitate to contact us directly with your queries and concerns. For over ten years now, we have been establishing foundations for our clients. With us you are always competently advised and well represented. We look forward to receiving your message or call!