I have to prepare a liquidation opening balance sheet for a limited partnership as of January 1, 2020. The closing balance sheet as of December 31, 2019 is ready. Do I have to take over the remaining fixed assets with the tax value as of December 31,...
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...
Dear Sir or Madam, My wife has been self-employed since 2010 (sole proprietorship). The complete accounting (SKR 04, EÜR) has been carried out by myself (private individual) since then. Our vehicle is part of the business assets and is depreciated ...
I am self-employed and work in the offshore industry, spending more than 180 days a year outside of Germany. I have a wife and a house in Germany. When I have some free time, I go on vacation to Malta with my wife until I have to work again or there ...
Hello, A friend has inherited a Riester contract from her deceased brother, among other things. This was paid out to her, reduced by the tax benefits, allowances and fees at that time. Nevertheless, the insurance company transferred the entire capit...
Hello, I bought a property in 2011, which was rented out until 06/2013 and then remained vacant. Since 1.2.2014, I have been using the property myself (as my main residence according to the registration certificate). I would like to sell the propert...
My wife and I want to give our daughter and son-in-law the initial capital for a two-family house (high five-figure sum). In return, we will have a lifelong, rent-free right of residence registered in the land register. We are aware that we will have...
1. Question about value-added tax In December 2013, a newly founded complementarity company issued a (single) invoice showing a value-added tax of €13.53. At the beginning of 2014, the annual report was submitted. Due to the restriction to whole numb...
Dear expert team, I need advice for the following situation. Currently, I am living in a terraced house with my partner. We are not married and do not plan to be. The house is valued at approximately 260,000 euros, with a mortgage of 140,000 euro...
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,...
After the death of my civil servant father-in-law, a death benefit of 4544€ was paid out in accordance with §18 para. 1 of the Civil Servants Act. Based on a splitting table, I determined that our tax burden increased by 1294€ as a result. As a resul...
My father-in-law passed away in April 2011. A certificate of inheritance is available. The inheritance essentially consists only of estate liabilities (funeral expenses, additional medical costs, etc.). Therefore, I have applied for the lump sum amou...
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...
Dear Sir or Madam, My husband and I purchased a semi-detached house (built in 1926) in NRW in 2010. We bought the property as an investment. Here are the key dates: Notarial purchase contract: 22.02.2010 Transfer of ownership in the land register: ...
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 ...
Case: U-Advisor founded a company as a one-man GmbH 10 years ago. For the past three years, the business has been operated as a sole proprietorship, but the GmbH still exists on paper. The GmbH is not conducting any business, has no assets, no emplo...
I am the managing sole shareholder of a GmbH, previously the GmbH was a sole proprietorship that was transferred into the GmbH. I have a gross salary of 4,000 euros, unchanged since the founding of the GmbH in 01/2008. Net profit in 2008 was 48,212 e...
Hello, we have taken out a loan, which correctly appears in the liabilities as a liability and is booked as such. However, part of the amount has been paid into a trust account with a lawyer, under whose name the account is also held. Is it correct ...
Dear expert, Below is the situation to be assessed and the question: Factual background: The wife (EF) is currently the sole owner of a property with a house. EF and her husband (EM) want to jointly renovate and expand the house as a family home. ...
It is planned to invest approximately 500,000 euros in renovations and facilities on the leased company property in 2012. An investment deduction in 2011 is not possible due to exceeding the book value. Can something be done through provisions in 201...
My wife and I are the sole shareholders of a GmbH that manages our small fortune. The GmbH holds some capital investments (real estate, stakes in other companies, and securities). We will soon need regular distributions from the GmbH to secure our li...
Can the renovation material costs incurred during the apartment clearance, as well as the rent and electricity costs, be included as estate liabilities? The deceased person was classified as needing care level 1 and was cared for by a home care serv...
Interest deduction received - abuse of design Initial situation: Two existing mortgage loans, secured by a property in private ownership. For one of these loans, the interest deduction (subsequent advertising costs) from a former, no longer exis...
We have transferred our two-family house (worth approximately 600,000 euros) with two roughly equal-sized apartments to our two daughters, each receiving half. In one apartment, we live with a registered right of residence in the land register, while...
Good day, I would like clarification on the following matter: We have transferred our two-family house (worth approximately 600,000 euros) with 2 roughly equal-sized apartments to our two daughters, each half. We now live in one apartment with a re...
