Tax treatment of real estate GbR
July 29, 2019 | 30,00 EUR | answered by Steuerberater Knut Christiansen
We (mother, father, and sons) plan to buy a property as a GbR.
1) Does a pure real estate GbR need to be registered with the tax office (tax number)?
2) Can mortgage interest be claimed as a tax deduction if the borrower is not the GbR, but a shareholder?
Good morning,
the GbR (partnership) must be separately registered with the local tax office. It will then receive a separate tax number for the later necessary determination declaration.
Interest can only be claimed by the person who took out the loan. These interests are to be deducted as special advertising costs in the determination declaration of the respective partner, so that their personal share of profit is reduced.
I hope this answers your questions, otherwise feel free to ask for further clarification at no cost.
Kind regards,
Knut Christiansen
Tax consultant
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