Division (transfer of assets)

The split is a partial transfer of assets against the granting of share rights. The transferring legal entity transfers its assets in whole or in part to one or more legal entities in a special type of universal succession. The Transformation Act distinguishes between: splitting (splitting of assets of the transferring legal entity into at least two other legal entities); Spin-off (spin-off of part of the assets from the total assets of the transferring legal entity to one or more acquiring legal entities); Outsourcing from the assets of a sole trader (transfer of assets to a partnership, corporation or registered cooperative). For the tax effects see UmwStG.

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