Following a lively debate on 29 September 2016, the Bundestag approved the Mediation Committee's proposal to reform inheritance and gift tax (Plenary protocol 18/193 p. 19195). The compromise proposal retains the basic structure of the previous law. A complete exemption of business assets from inheritance and gift tax is still possible (for details TAXGATE News from 23/09/2016).
The only thing missing now is the approval of the Federal Council, which in its next meeting on 14 October 2016 will decide on the proposal.
