Tax law is complex: whether succession planning or asset structuring, nationally or internationally - your assets need individual solutions and personal advice.
The complexity of tax law, regulatory requirements and global changes repeatedly lead to a wide range of tax law issues. For wealthy private individuals and family businesses in particular, this often results in special circumstances that require appropriate expertise.
Our Private Clients team of experienced tax advisors, auditors and lawyers knows the issues relevant to private wealth and family offices, follows global legislative developments and has access to KPMG's international network of experts.
We know how important it is to have a personal contact person who knows the situation of their clients, is available at all times and thinks along with them. This is exactly how our advice works in this sensitive area. As a "one-stop consultant", we advise you in the following areas, either individually or as a complete package:
In addition to the expertise and network of our advisors, our clients also benefit from our outsourcing services and innovative technological solutions.
Avoidance of tax law and criminal tax law risks
This also includes analysing and resolving tax law conflict situations. In addition to the purchase of tax CDs by the tax authorities, increasing international reporting obligations have led to increasing transparency for taxpayers. The risk of discovering untaxed income is prompting more and more citizens to make voluntary self-disclosures.
We have been offering comprehensive and solution-oriented advice on voluntary declarations for many years. In order for a voluntary disclosure to be fully exempt from prosecution, a complete declaration of past tax-related facts and income is required. Determining this income is often a considerable challenge in practice due to incomplete documentation, distribution across several banks and other factual reasons. We support you with our experience and our international KPMG network. If necessary, we work together with the specialists at the local KPMG companies. This ensures absolute confidentiality and high quality advice.
Our interdisciplinary specialised knowledge in the interface area of tax procedural law, tax law and criminal tax law, embedded in our international network, offers decisive added value for our clients.
We advise you in particular:
In co-operation with KPMG Law Rechtsanwaltsgesellschaft mbH*, we also offer you support with
Prepare the transfer of large private or business assets to future generations in good time.
Succession planning is a topic that is as important as it is sensitive. It is not always easy to find the best way to transfer large private or business assets to subsequent generations. As a rule, it makes sense to make arrangements as early as possible, both for the transfer during your lifetime and in the event of inheritance.
We support you in developing a concept customised to your wishes and situation with a holistic approach. From planning and drawing up agreements and contracts to reporting and declaring the inheritance or gift to the tax authorities. For international concepts, we utilise our global KPMG network and involve local experts in the relevant countries to ensure that your succession planning simply crosses borders.
Our services in the area of succession include
When structuring your assets, returns and risk often take centre stage. However, legal structuring and taxation should not be disregarded when planning your assets, as there are both opportunities and risks here.
We have the tax issues of asset structuring under control and can advise you on everything from analysing and planning your asset structure to drawing up contracts* and making declarations and communicating with the tax authorities. For the international assets in your portfolio, we can draw on our global network of experts if required.
Our services in the area of asset structuring include
Increasingly, wealthy private individuals and (family) entrepreneurs are pooling the management of their assets in a family office in order to ensure professional joint management. This makes it possible to combine different types of assets, but requires optimal legal and tax structuring and therefore a high level of expertise.
In order to provide you and your family with the best possible customised structure for your family office, we draw on our many years of experience in dealing with wealthy private individuals and families. Thanks to the large number of our KPMG branches, both in Germany and abroad, you will always have local contact persons at your disposal who will take care of your individual requirements. To support you in the efficient management of your family office, we also provide you with a wide range of intelligent tool solutions.
We are also happy to take on all the (administrative) services that a family office would do for you.
Our family office services include, among other things:
Various objectives can be pursued by setting up a foundation. They range from securing and pooling family assets, also in the context of succession planning, to pursuing charitable purposes.
No matter what purpose you are pursuing with your foundation, we will support you throughout the entire process. We advise you on the conception, organisation and establishment of your foundation and assist you with ongoing tasks such as tax declarations and communication with the tax authorities. You will also find the right contacts in our team for any restructuring of your existing foundation.
Our services in the area of foundations include:
Are you planning to move abroad or from abroad to Germany? Particularly in the case of large private or corporate assets, an international relocation will generally also have tax implications in Germany and other countries concerned. In order to avoid pitfalls and find the best possible solutions, special expertise is required in many cases
If you are planning a private international relocation or would like to move the registered office of your company abroad or to Germany, we will be happy to develop a suitable concept. Here, too, our international expertise and our worldwide KPMG network will help you. As a rule, a local contact person will be available to you both at your current location and at your future location or place of residence, who will be able to respond to your individual wishes at short notice.
Our services in the area of relocation and relocation include:
* Legal services are provided by KPMG Law Rechtsanwaltsgesellschaft mbH.
