Good evening, I co-own a real estate portfolio in Germany with my ex-wife as a GbR. Each of us owns 50%. The portfolio was not subject to separation of property. We are both registered in the land register. Rental income flows into a joint account, f...
Good day, How to deduct self-financed training costs for adult child from taxes? Our adult child obtained the Fachholschulreife in August 2018 through the gymnasial leaving certificate after Class 11 and an immediately following "one-year guided in...
Does the tax on private sales transactions (rented residential property after 7 years) lapse if installment payments are agreed in such a way that the installment with which a profit is first made is only due after the holding period has expired? Si...
My husband and I have found ourselves in a precarious situation due to double taxation - our situation is as follows: My husband and I lived and worked in the UK for many years. A few years ago, my husband moved to Germany and our 2 daughters follow...
Hello, I am a German and Swiss dual citizen and I own a company in Switzerland, where I have been working for 9 years and also lived almost continuously until two years ago. My wife - who is only a German citizen - is employed at my company as the d...
In 2004, a life insurance policy was taken out. Regular payments were made over 5 equal annual installments, with a term of 20 years, making it perfect for tax-free income in the future. However, the insurance policy was terminated prematurely in 201...
Good morning, I have questions regarding severance pay and reducing the expected tax burden. Background: I have reached a judicial settlement with my current employer, in which they will pay me my salaries until the end of 2015 as severance pay in c...
Dear Sir or Madam, I would need a tax assessment for the sale of a house in Germany that is to take place within the speculation period of 10 years, with the following key data: - The house was built in 2006 (new construction) and purchased and is ...
I was offered a severance agreement with a payout by December 31, 2014. I can choose the date of the payout for 2014, 2015, or 2016. Since I am expecting other income in 2015 (a temporary employment in another company), I wanted to choose the payout ...
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 ...
Dear Sir or Madam, I am writing to inquire about the acquisition of a residential property from family ownership. In 2010, I purchased a house for private residential purposes from my mother. All agreements between my mother and myself were made ve...
I completed my studies in 2010 and at that time I took out a kfw student loan. Before starting my studies, I completed an apprenticeship in the same field. Question: Can only the interest of the student loan be deducted (if only interest, then under...
Until November 2011, I had a side business from which there are still debts outstanding. These debts are being repaid monthly, including the interest on the loan provided (overdraft on former business account). Can these exceptional expenses be claim...
I have the following situation: In 2001, my father purchased an apartment (Apt.1) without taking out a loan. Initially, this apartment was used as a condominium. In 2007, this apartment was mortgaged to purchase another apartment (Apt.2), a loan was ...
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 ...
Dear Sir or Madam, Regarding the VAT treatment of vehicles, as a business owner I have the following question: In 2012, I purchased a car for €12,000 gross. The price was financed by the car dealership as a loan. I did not claim the input tax from ...
Dear Sir or Madam, I need your help in determining the 15% threshold for a property that is used for both personal use and rental purposes. Here are the relevant details: a) Transfer of ownership: 7th November 2011 b) Purchase price including acqui...
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...
We are buying a piece of land and building a house on it to then rent it out as a holiday home. How can I claim the VAT on the installments we have to pay to the contractor in advance with the tax office as part of the contract, so that I receive the...
In which year is the profit from the sale of real estate subject to taxation? What happens if the purchase price is received in 2 installments and the turnover of the year lies in between? How could this procedure be justified or formulated in the no...
I am self-employed. Since I did not have sufficient creditworthiness for a car lease in 2007, my husband signed the lease agreement for my company car. On the advice of our former tax advisor, we entered into a usage agreement in which I took over al...
Due to an incorrect booking, I received a VAT refund for the 4th quarter of the previous fiscal year that was too high. With the annual VAT declaration, a VAT liability of approximately 1.7 has now been determined. I have requested a payment plan, an...
As part of the transfer of my freelance practice (yoga studio) to my wife, we were advised to make a contractual handover arrangement. The handover took place on August 31, 2010. The practice has not been subject to sales tax so far and was subject t...
Special expenses? Accommodation costs for my sister-in-law; my wife's sister. She used to live in the Viersen district. Her daughter lives in Bielefeld. When it became necessary to place her mother in a nursing home, she was able to secure a care p...
My question: In 2010, I received a severance package plus unemployment benefits for approximately 9 months. Additionally, I made an agreement with my employer that in the event of a reduction in my unemployment benefits, my employer would cover the d...
