In the fifth book of Sections 1922 et seq of the German Civil Code (BGB), German law of inheritance says that, if no last will exists, a legal order shall apply on the basis of the system of "categories" and "clans," in which portions are reserved for certain statutory heirs. Depending on the marital property regime, the wife may also have a prior right to inherit. The community of statutory heirs is categorized (only the first three categories, in practice, are relevant): hotels
The first category comprises the children of the deceased (biological and adopted) and their descendants.
The second category includes parents and descendants of the deceased (e.g. brothers, sisters or nephews.).
The third category includes grandparents and their offspring (e.g. the uncles and cousins of the consultant),
And so on,
Lower class members only possess if there are no higher category surviving members, i.e. the parents of the deceased, if the deceased leaves children, they are not inheriting them.
A clan includes one person, his descendants and descendants (including biological and adopted children). Spouses and step-children are not clan members. A statutory heir excludes from heritage all other members of his clan related to the deceased. That means that the grandchildren do not inherit if the deceased leaves children. Every child inherits the same shares.
Legal heirs shall have the right to a reserved portion.
In general, the offspring (children and grandchildren), spouse and parents of the deceased have the right to a reserved part, but in all cases the reserved part does not apply. It only applies if the deceased's will excludes any statutory heirs from the estate. For example, if the deceased excludes in his will one of his children, the deprived child is entitled to a reserved portion. The reserved portion consists of a payment claim against the heirs' community. The sum that can be requested is one half of the reserved statutory portion. This claim falls within the three-year limitation period.
In general, if there are surviving relatives in the first category, the share of the surviving spouse will increase by 1/4, if there are surviving families in the second category or the grandparents of the deceived. The spouse is 100% inherited without any surviving relatives in the first or second category or grandparents. The spouse's heritage is also influenced by the marital system (e.g. community of accrued gain, or division of goods).
Estonians are taxed on their global income
One becomes an Estonian resident if (1) one has a place of residence; or (2) one has 183 days or more in Estonia for a period of 12 months.
Married couples are taxed separately, but residents are allowed to file joint tax returns. Children are taxed individually.
In Estonia, residents of other EU members who received from Estonian sources at least 75% of their taxable income for the year must file an income tax return.
TAX INCOME
The following income taxes are collected: (1) employment income, (2) business income, (3) property disposal income, and (4) other sources of income. Taxable income is calculated separately and then aggregated for each category.
Revenues are taxed at a flat rate of 21%. In some cases, income tax is levied at a flat rate of 10%.
In 2015, the income tax rate will be reduced to 20%.
The basic annual personal benefit is €6,000.
INCOME RENTAL
Lease income is generally declared as corporate income. Taxable rental income is calculated simply as rental income and less related costs. This is then subject to a flat rate of 21% withholding tax. The rejected amount is credited with income tax due.
CAPITAL Winning
Capital gains are aggregated with other revenues and taxed at a standard 21 percent income tax rate. Capital gains are usually calculated by deducting selling price acquisition costs and transaction costs.
Some gains are tax-free, such as:
Gains from the sale of the primary residence of a taxpayer;
Profits derived from a transfer of a summer cottage or garden house owned by the taxpayer over two years.
TAX PROPERTY
Land is subject to annual land tax in Estonia and is levied on the market value of the land. The rate is set by the Municipal Council and ranges from 0.1% to 2.5%.
Land tax is usually paid by landowners, but in some cases users may be liable for the tax. Land tax is generally payable every 31 March and 01 October in two installments.
TAX INCOME
Corporate income tax is levied at 20% of the gross amount on the income and capital gains earned by companies. It is calculated generally as 20/80 of the net amount.