For properties located in Germany, the German Valuation Act (Bewertungsgesetz) remains authoritative regardless of the deceased's last place of residence, so that nothing changes in the fundamental valuation procedure.
If further properties abroad are part of the estate, they must be assessed according to the local valuation principles there and prepared accordingly for the German inheritance tax return.
International inheritance cases often require close coordination between a German tax advisor and local experts in the respective country to avoid double taxation.
Within the EU, the applicable law of succession is generally governed by the EU Succession Regulation based on the deceased's last habitual residence, which is to be distinguished from the tax valuation of the property described here.
Double taxation agreements specifically for inheritance tax exist only with a few countries, so that in international inheritance cases double taxation can occur more frequently and should be examined at an early stage.
Please note: the content of this article is provided for general information only and does not constitute legal, tax, financial or investment advice. It is not a substitute for individual advice from a licensed lawyer, tax adviser or financial adviser. Despite careful research, we accept no liability for the accuracy, completeness or currency of the information provided. For specific legal or tax questions, please consult a qualified professional adviser.