My wife and I live in Portugal and are also tax residents here. Personally, I own a number of rental properties in Germany, with the rental income we use to support ourselves. All my properties are located in Germany and are managed exclusively by ...
Dear Sir or Madam, My question concerns the *extended* limited tax liability in the context of the existing Double Taxation Agreement between Germany (DE) and Singapore (SGP). - Singapore is a low-tax country (6.63% tax on income of 77,000 EUR) - I...
For future real estate transactions (acquisition - appreciation - sale), I would like to establish a GmbH (limited liability company) as I do not want to infect private properties with commercial activities in order to be able to sell them tax-free a...
Dear Sir or Madam, I have some questions regarding entries in the Separate & Unified Tax Assessment. The situation is as follows: GbR with 2 partners (self-employment, no trade) One partner has made in-kind contributions (office equipment) and cap...
A third party has submitted the tax returns for our GmbH (on our behalf) for the year 2015. They have submitted the trade tax, corporation tax, VAT, and the balance sheet. The tax office did not consider the IAB, among other things. When we inquired ...
We have inherited a multi-family house with four apartments with four siblings, and now each of us is listed in the land register with a 25% share. (no declaration of division, so not condominiums, but a multi-family house) By definition and law, we ...
Background: I hold 70% of the shares in A-GmbH. I have founded a B-UG (limited liability) in which I hold 100% of the shares. Plan: I want to increase the share capital of B-UG (limited liability) to 25,000 EUR in order to convert it into a GmbH. Wi...
Good evening everyone. The closure of the business has already been communicated to the tax office in May, with a statutory notice period of 6 months for the 2 employees. Question: Is it correct that the closing balance sheet must be prepared at th...
Hello, first some facts about my current situation: I am employed full-time and operate a sole proprietorship as a sideline business (of course with the consent of my employer), both are broadly speaking services in the IT industry. As the business ...
Hello, My question pertains to the tax implications for me after moving to 1) China (double taxation agreement) or 2) Hong Kong (low-tax jurisdiction), with deregistration in Germany. Essentially, I am interested in how profits from stock investment...
Among other self-employed activities, I am also an event organizer (2 concerts per year). I invite a band represented by a British company (... HOLDINGS LTD) based in London, with whom I have signed a contract for the event. The agreed fee is 65% of ...
I have a sole proprietorship, consisting essentially of a self-created website and an app that is rated with AK. Now a sponsor wants to enter and contribute €15,000 for a 40% stake in the to-be-founded company (as capital reserve/start-up capital). I...
Hello, I have a question regarding the tax treatment of severance payments. My professional situation is as follows: I work in a large corporation in a department where, due to the current workload, I am not able to fully develop. In other words, I ...
Preliminary: pure, theoretical worst-case scenario, no impending insolvency or similar! Private assets (rental property) of A are to be transferred exclusively to person B within the family. The real estate assets of A should be protected in case of...
Hello, I have been a self-employed graphic designer & media designer in Germany for 13 years, subject to turnover tax, without employees, not required to keep accounting or prepare financial statements. For several months now, in addition to my nor...
Good day, I am planning to start a business (with two people) - specifically a gastronomic operation. I am not sure yet whether a UG or GmbH is the more suitable form and how profit distribution could look like. The situation is as follows: 1.) Each...
Hello, I privately acquired a vacant multi-family house in Saxony in December 2012. I would like to live in this house with my family and also operate several guest rooms, possibly even a small guesthouse on the side. The house is planned to be most...
Values from the balance sheet 2012 Business equipment 16,734.63 Cash + accounts 1,863.65 Other balances 1,673.92 Accounts receivable 6,417.24 Total A S S E T S 26,689.44 Paid-up share capital 26,689.44 Total L I A B I L I T I E S 26,689.44 This Gm...
Hello, in our company, there is a commercial building from the 1950s with a book value of 1 euro. The main source of income for the company is renting out this commercial building. We are considering selling the property due to the fact that the val...
My husband and I would like to buy parts of the GmbH from my stepfather. Now the question is at what level (how many shares) would we have to be self-employed or can we be employed by the GmbH even though we own shares of the GmbH? From when do we h...
As the sole shareholder and managing director of two single-member GmbHs in the real estate industry, both based in Bavaria - I want to terminate the activity of one of the GmbHs. Each GmbH has a paid-in share capital of 25,000 euros, the GmbH to be ...
Dear tax consultant, My name is Tobiasz Scibiorski. I intend to establish a limited liability company (UG haftungsbeschränkt) starting in Jan. 2013. Unfortunately, when it comes to taxes, I am a blank slate. The core business will be arranging tran...
Good day. We are three shareholders with each 33 percent ownership in a GmbH. All three persons are employed as managing directors with taxable salary. I now want to resign from both positions. According to an agreement between the shareholders, I am...
FACTS: I recently founded an UG (limited liability company) with a share capital of 1 Euro. I have now learned that, according to a decision of the Federal Court of Justice, it is possible to increase the company's capital to the required 25,000 Euro...
1. Does the KG have tax advantages due to its cohesion with the GmbH? In our case: the GmbH has a carryforward loss of 100,000 euros, while the KG has a profit of 100,000 euros. The KG pays approximately 10,000 euros in trade tax. The GmbH owns 80% ...
