Attachment G Deduction of trade tax 2008
December 16, 2010 | 30,00 EUR | answered by Michael Herrmann
Hello,
I need help filling out attachment G for the year 2008 - specifically regarding the credit for trade tax. I am not sure which numbers belong in which fields (lines 16 to 22).
I am a limited partner in a GmbH & Co.KG, and I have entered the company with my withdrawal amount for 2008 in line 7 of attachment G.
Trade tax was calculated by my former tax advisor as follows:
Trade income:
preliminary profit 29,984
+ profit adjustment 54,094
+ adjustment due to investment deductions § 7g Abs. 1 EStG -10,000
= final profit 74,078
= trade income 74,078
rounded to the nearest 100 EUR 74,000
- tax exemption §11 Abs. 1 GewStG 24,500
= taxable trade income 49,500
Tax assessment according to trade income
49,500 x 3.50% = 1,732
Trade tax liability (1,732 x 450.00%) 7,794
- trade tax advance payment 0
= calculated trade tax provision/asset 7,794
The special circumstance is that a share of 3,200 EUR is to be credited to me personally for the trade tax payment in 2008 (I have provided this amount in the company). The trade tax for 2008 was paid by the company in 2009.
My question now is, which numbers go in which line?
Dear inquirer,
First of all, thank you for your inquiry, which I am happy to answer based on the information provided and considering your involvement in an initial consultation. The response is in accordance with the description of the situation. Missing or incorrect information regarding the actual circumstances can affect the legal outcome.
Partners of a partnership are granted a tax reduction in the income tax assessment, which is intended to offset the burden of commercial income with trade tax.
Additional problem areas arise for partnerships because each partner must claim the reduction proportionally in accordance with the general profit distribution key mandated by law, while the distribution of the partnership's profit for tax purposes can significantly deviate from this due to advance profits or remuneration, loan interest, etc. As a result, the tax reduction may not be fully utilized under certain circumstances or to the desired extent.
The following information must be provided in Attachment G:
Line 7: Your share of the commercial profit (based on €74,078) including any advance profits (part of a profit distribution agreement), remuneration, loan interest, etc. Your withdrawal amount is not a basis for taxation.
Line 16: The amount of trade tax on the commercial profit allocated to you according to the general profit distribution key (share of €1,732)
Line 17: Your share of the actual trade tax payment based on the general profit distribution key (share of €7,794). Any payment you made that deviates from the general profit distribution key is irrelevant in this context.
I hope that this information has provided you with a sufficient overview of the situation within the scope of your involvement and this initial consultation, and I remain
Yours sincerely,
Michael Herrmann
Dipl.-Finanzwirt (FH)
Tax consultant
