Purchase SFH from parents, renting to parents, depreciation, right of residence.
Dear Sir or Madam,
The following situation:
I would like to purchase my parents' single-family home and rent it to them.
So far, so clear.
The linear depreciation within the income tax return must be reduced by the value of the land. Is it possible to avoid this by setting up a gift over the land and a purchase agreement over the building? Alternatively, can the value of the building and the land (independent of the local land value) be freely defined in the purchase agreement?
If I grant my parents a right of residence to give them more security, can I still draw up a rental agreement with them and deduct the resulting income from V&V as well as the advertising costs (loan interest, depreciation, etc.)?
Is it possible, without tax consequences, to repurchase the property from my parents after 10 years?
Thank you in advance for your response.
Best regards.
