We paid a special levy of 14 TEUR each for the renovation of the bathroom in our condominium in 2018. A corresponding resolution of the owners' meeting from 2017 is available. It is clearly maintenance expenses. The bathroom renovation was necessary ...
My husband and I have owned several rented multi-family houses for more than 10 years. One was sold in December 2018, another one will be in May 2019. Question: Can we sell a total of three properties each with a 50% co-ownership stake within 5 years...
Hello, I am a freelancer and have a recognized "100% home office" (without limitation). We have had the heating system modernized and received a KfW subsidy (430) for it. In the application we signed, it says: "No tax deduction according to §35a pa...
Hello, Can I circumvent the 15% limit by spreading the costs of a renovation project over several years in a building that is partially rented out and partially used for residential purposes (heating system replacement, no higher standard)? I bough...
Subject: Mixed-use property and subsequent production costs Dear Sir or Madam, The following scenario: Owner (77, nursing level 1, GdB: 90) owns a multi-family house built in 1950 with 3 units: ground floor, upper floor, attic. Ground floor: occup...
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 ...
My question relates to the calculation of the 15% threshold, which distinguishes immediately deductible maintenance expenses from subsequent production costs. My husband and I bought an apartment. The 15% threshold of the acquisition costs of the bui...
Good day. After acquiring a commercial building that is to be used for business purposes, extensive renovation and modernization measures were carried out. The building was purchased at a very low price and a multiple was invested (the 15% limit has...
Dear Sir or Madam, On 26.10.2004, we (a GbR with 3 individuals) purchased 2 multi-family houses and 7 garages as a single unit in a package in Wesseling. In 2011, we bought a multi-family house in Remscheid. So, if we were to sell separately, we wou...
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 ...
I transferred ownership of a condominium (top floor) to my son on 01.07.2006, which was rented out on 01.10.12. Compensation payment to his sister was 25,000 euros. Depreciation for personal use of this apartment has not been determined so far. Depre...
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: ...
More than 10 years ago, I bought 2 small apartment buildings. In addition, there are 3 condominiums. Also, my private residence with a large plot. None of these properties have undergone major renovations or expansions in the last 10 years, only mino...
Dear lawyers, please send me a non-binding price offer to answer the following legal question(s): In 2010, I installed a fireplace in my own condominium. The labor costs/handyman services included in the invoice, approx. €1340, were deducted as house...
Situation: In 1995, purchase of a 3-family residential building with 1 small office (30 sqm) and 5 garages into private ownership, all units rented out to existing and new tenants. In 1998, the property was divided into partial ownership and 2 vacan...
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...
I have sold two properties at a profit within the 10-year speculation period. I reinvested the proceeds in the same year in several new rented properties, and also invested larger amounts in modernization and maintenance (taking into account the 15% ...
I bought a house for 365,000 DM with a purchase contract on 23.11.2011. This house was modernized. The purchase price was paid on 27.12.2001. The final entry in the land register was made on 27.02.2002. I now want to sell the property to my son and h...
Dear tax advisor, I am currently working on long-term projects worldwide. Therefore, I spend most of the year abroad (~48 weeks/year). I am 30 years old and recently bought a condominium in Germany (simply to stop paying rent). Additionally, I will...
We bought a house (built in 1977) in April 2011 for rental purposes, currently undergoing renovation (otherwise it cannot be rented out). The purchase price was 167,000 euros plus real estate transfer tax, notary fees, etc. Rental is planned to start...
Hello! It is about acquisition-related production costs within three years after the purchase of a multi-family house and the 15% threshold. Below 15% fully deductible as advertising costs, above 15% allocation to the acquisition costs and considerat...
Dear Sir or Madam, I am a self-employed business owner (consulting office/trade agency) and I own a 280-year-old property in which I do not live myself, but rent out approximately 80% as a residence and use the remaining 20% (about 30m2) as an offic...
Dear Sir or Madam, I (single, no children) purchased a condominium for personal use in October 2008 (built in 1984/85). My question: Can I deduct any costs as special expenses for tax purposes (e.g. loan interest, notary fees, property tax, real est...
Dear Sir or Madam, On 01.10.2009, we will be acquiring a single-family house from the seller. Since she is currently building her own house, she will be paying us a monthly net cold rent of 572 EUR (143 sqm at 4 EUR) for her old property from 01.10....
Dear Sir or Madam, I have a question regarding the deductibility of costs for a property. I have purchased a condominium in Berlin, am currently renovating it, and intend to rent it out furnished from September of this year. I would like to deduct ...
