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Income tax

June 29, 2015 | 30,00 EUR | answered by Anton Pernitschka

Income tax? - Mother-in-law, retiree, old-age pension € 894.40/month, widow's pension € 897.79/month

In the future, the purchase of two nursing homes for € 120,000.00 each, depreciation 2%, total monthly rental income € 1100.00.

How much income tax is due per year?

Thanks in advance for a brief information. Regards

Anton Pernitschka

Dear questioner,

Unfortunately, your question cannot be accurately answered because important information is missing for the calculation of income tax.

However, I have assumed a fictional scenario below that may be similar to your question.

Old-age pension 2014 gross 11,958 € (including €1,225 health and nursing care insurance)
"small" widow's pension 2014 gross 12,003 € (including €1,230 health and nursing care insurance)
Date of birth of the retiree: 01/01/1949
Start of pension: 01/01/2014
Income from renting and leasing 2014: 10,800 €

Based on these criteria, the income tax for 2014 would amount to 1,108 €.

I recommend consulting a tax advisor who will provide you with an accurate calculation.

The response was based on the information provided. Missing or incorrect information about the actual circumstances may affect the legal outcome.

Best regards

Anton Pernitschka
Tax advisor