Question about the deduction of repair and conversion costs of a commercial building/barn into a holiday apartment for rental purposes. On the property with a single-family house, there is a commercial building/barn that is currently being repaired ...
Hello, I need some general information about a single line in Annex N-AUS 2014. I am familiar with and understand all the other lines. DBA is confirmed here, my EU gross income is tax-free in Germany. Only the progression clause is taken into accou...
Topic: Deductible expenses in the income category "rental and leasing" Can losses from rental and leasing be offset against other income, or can these losses only be offset within the same income category with future profits from the same income cat...
Dear Sir or Madam, In 2015, I purchased a plot of land in order to build a holiday home in 2016, which will be used solely for rental purposes. In 2015, I incurred expenses such as the purchase of the land, land transfer tax, fees for registrations,...
The question should actually appear in 2 parts, but it is not formatted correctly. The first part - Confirmation of tax-free sale, the 2nd part - Explanation of the procedure. I am German and have been living in the UK since around 2007, paying my t...
I have purchased several $25 Ad Packs on Getprofitadz on the internet. The purchase price of these packages is an investment that will never be repaid. Lifetime advertising revenues are generated for the Ad Packs, which GetprofitAdz distributes to th...
Hello, my family and I will be moving to the Emirates soon. I will be working here for about a week every 3 months and will therefore remain registered here. However, my family will deregister here. I have property here that I will rent out furnishe...
Dear Sir or Madam, We have acquired a holiday home that is permanently rented out - initially for 15 years. The condition was that we opt for value added tax and become entrepreneurs. The rent is therefore transferred plus value added tax. O.K. We ...
Gift tax, real estate transfer tax Germany-Austria Dear Sir or Madam, a good acquaintance (not related to us, resident in Germany) wants to transfer a vacation home (located in Tyrol) to us (married couple, resident in Germany) in equal parts. The op...
Good day, we have converted 2 holiday apartments in our house, which were subsequently rented out with value-added tax. We claimed input tax for the costs of the interior conversion. These apartments are now rented out as part of long-term lease agr...
I built a single-family house with a granny flat (vacation rental) in 2006/2007. The house was ready for occupancy on May 1, 2007. The apartment on the ground floor was occupied by me until 2013. Since 2013, my son has been living in this apartment. ...
Dear Sir or Madam, Originally from Ireland (EU), I have been living in Switzerland for 5 years and possess a C-permit. I would like to buy a house/apartment in Austria and spend some time there with my 3-year-old son, both for living and holidays. ...
Hello, In 1997, I acquired an undeveloped leasehold plot in a allotment garden with my then husband, and in 1998 we built a weekend house with outdoor facilities on it. In 2006, the entire "complex" was sold, all leaseholders became owners, meaning t...
Hello, my husband and I own a vacation rental as a GbR, which is exclusively rented out to holiday guests like a hotel and generates an annual revenue of approximately 10,000 euros. He is employed in the industry as his main job. We have carried out ...
Hello, my husband and I have owned a holiday apartment as a GbR for two years and have been renting it exclusively to holiday guests through a broker. We would like to sell it. What would be the tax implications if we had purchased the apartment for ...
Good morning, I would like to explain my situation to you in advance: I lived separately from my husband until 30.11.2012, my husband lived in Spain and worked there. I lived in Germany with my daughter and also worked here. The tax office assigne...
I will retire in 2015 at the age of 65 and will receive a pension of 400 euros starting in July 2015, as well as a pension of 2100 euros starting in August. How much tax will I have to pay for both retirement benefits combined?...
My husband and I bought a holiday apartment as a GbR two years ago, which is rented out to holiday guests by a broker without self-use. What would be the tax treatment of an expected capital gain in the event of a sale before the end of the 10-year p...
Hello and good day, After my timely termination on 28.02.13, I received the agreed severance payment of 35,000 euros from my employer, along with the February salary, as ordered by the labor court. Unfortunately, I cannot determine if the amount was...
We offer holiday homes on the Baltic Sea. We have agreed with the owners of the holiday homes, which are subject to VAT, to receive a commission of 20% + VAT. Is it possible to structure the rental agreements with the tenants in such a way that 20% ...
Dear Sir or Madam, I have been working as a small self-employed individual in the construction industry without employees for 12 years, with varying low income: ~15-25T, low expenses due to inherited property, single, saving rate of approximately 7T...
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...
I intend to establish a sole proprietorship. Activity: - Rental of own holiday apartments to holiday guests Expected turnover: - more than 20,000 euros / year - therefore I am subject to VAT Questions: - How is it in case of a possible sale of the ...
Question: Is the billing by the tax office objectionable? Situation: Mr. Y runs a commercial business. (Tiling, drywall, landscaping) Mr. Y and Mrs. X (partnership) are owners of 2 holiday homes with 4 holiday apartments. (rented out to...
Last year, my wife and I bought a vacation rental in the fall. This property is managed through an agency. The total revenues (sum of invoices to tenants, no VAT stated) this year will be around 19,000 euros (gross), which is above the 17,500 euros s...
