We are planning to purchase a second property (B) - the notarization is planned. The property is currently rented out and the draft of the purchase contract mentions it as a capital investment with an undisrupted lease agreement. The handover of prop...
Assuming the limited partner of a limited partnership takes private withdrawals from the partnership throughout the year and deposits them into a private savings account (without spending them), while leaving the profits in the partnership. At the en...
Initial situation 2016 (simplified): Civil servant A14, salary 65,000 €, additional income from side business 3,000 € = non-self. income 62,000 €. Additional income from business operation (sole proprietorship trade as a side job). In 2016 loss -85,0...
Do I also have to make a carryforward of losses or profits of equity in the balance sheet as a sole proprietor, and if so, how? Background: We have been preparing financial statements since 2013, where we had a closing equity of around 20,000€ from t...
We will buy a currently rented house for 460,000 € and declare own use as soon as possible. The current interest rate at the bank is 2.5%. My parents will provide us with a private loan of 50,000 € as "equity" at 2% interest with annual calculation;...
Father and son are buying a single-family house together for 500,000 euros and will each own half of it. The son will live in the house. The father wants to rent out his half of the house to his son at a reduced rate as part of a "discounted rental ...
Hello, I am a private individual. 1. My wife lived in Russia before she was allowed to come to Germany. She visited me several times back then and brought about 7000 euros of her own capital with her. This was not declared at customs, as the amount...
Hello, I have a limited liability company (UG), my tax advisor has prepared my balance sheet, in which there is no information about the equity. How can I calculate the equity? She also refuses to give me a value, which I find strange. Best regards,...
We are planning to build a residential/commercial building and are looking for an approach to the legal form of the developers. Developers: B and C, managing directors and shareholders with 12.6% each in Company A Company A: GmbH, shareholders B+C e...
I work freelance in Germany for a non-listed company in Denmark. In March 2009, I received options to purchase xxx shares of the company at a price of xxx DKK. Later that same year, the company relocated to the USA, with the Danish company becoming a...
My brother and I bought a building in 2007, which was registered as a "GbR" in the land register. We still own two other buildings, where we are each registered in the land register for half. For tax purposes, everything is managed in a GbR. The bui...
Dear Sir or Madam, In February 2010, my sister and I jointly purchased a condominium in Hamburg (financed with equity, shared 50% : 50%), which my sister has been living in alone since then. I have been living in the Frankfurt area as a tenant befo...
Dear Sir or Madam, Entrepreneur A has purchased a pension from Entrepreneur B, valued at €34,990. There is a business transfer according to the agreement. The entire inventory of B was purchased along with the pension. There is an inventory list ava...
We are going to buy a single-family house and live in it ourselves. On the ground floor (sloping location) there is a separate living unit with 2 rooms, a kitchen and a bathroom, which could also be rented out. The idea is to offer this as a holiday ...
Dear Sir or Madam, I would like to use my Swiss pension fund to purchase owner-occupied property. The withdrawal amount is currently around 123,000.00 CHF. Considering all deductions in Switzerland and Germany, how much will be available to me as eq...
I will now rent out the apartment that I have been living in myself. This apartment was debt-free. Now I am buying a new apartment for personal use and will need to take out a loan for it, as my equity is tied up in the old apartment. How can I struc...
Good evening. Due to successive, permanent changes in the law (all documented), combined with tax "consultation", I was forced to register a business in 2004 because of the 33% purchasing rule, in order to not become commercially active overall. In ...
Hello, I would like to take a private loan from my wife to finance a rented apartment according to the attached one-sided contract. We are married under the legal regime of marital property and my wife would transfer the loan to the sellers from a ch...
Dear Sir or Madam, I have a profit-sharing certificate (acquired 03/2009, term 3 years) of a non-listed AG, which has been in regular insolvency since 02/2011. As far as I know, a profit-sharing certificate is only "subordinated" and I assume that I...
Dear experts, I request answers to the questions for the following scenario: Married couple (56, 61 years old) with 2 children (24, 26 years old) wants to provide a private loan to the older son for the purchase of a property. Plan: Purchase of a c...
Hello, we (family, married, 2 children, both working, joint taxable income approx. 120,000 euros) would like to purchase the house of my in-laws (64572 Büttelborn, Hauptstraße 76, 2-family house, currently occupied by us and the in-laws) at a favora...
Inquiry to a tax advisor, brief explanation of the background: - This year I will be selling 4 properties - All properties are financed through loans - 3 properties were jointly acquired in 2000 (notarized on 12.12.2000) with a partner for commercial...
Hello, What is the depreciation value of my rented property? Background: My father-in-law started building a single-family house (new construction) in 2009. He used € 60,000.00 of equity and € 60,000.00 of borrowed capital to "build". This includes ...
I would like to buy a condominium for personal use together with my girlfriend, with whom I am not yet married. Purchase price is 120,000 EUR. We will each own 50% of the property. We plan to pay approximately 20% of the purchase price as equity. The...
With a notarial contract, the shareholders' shares - share capital 60,000 €, were purchased for 2.00 €. Not included in the sale were all cash and account balances, as well as all receivables, obligations, and liabilities that existed as of December ...
