Re:The Portuguese can no longer afford to live in Portugal
by baud147258 on Friday September 02, 2022 @04:45AM
(#32688288)
I don't know for which parts of Europe you base your knowledge on, but in France both are wrong
> like donating your property to your kids before you die to avoid the inheritance process and taxes.
Donation to family members (above a certain sum, but any property would qualify) is taxed just like any other income.
> And the property taxes are mostly grandfathered to the price the property was last purchased at, rather than at the current market prices.
Property taxes are set at the current market prices (and if the gov thinks the value is set too low, they will come back and ask for more, retroactively).
> like donating your property to your kids before you die to avoid the inheritance process and taxes.
Donation to family members (above a certain sum, but any property would qualify) is taxed just like any other income.
> And the property taxes are mostly grandfathered to the price the property was last purchased at, rather than at the current market prices.
Property taxes are set at the current market prices (and if the gov thinks the value is set too low, they will come back and ask for more, retroactively).