Dear Sir or Madam, we are planning to transfer our house (approx. €500,000) to our daughter during our lifetime as a gift, in order to take advantage of the tax savings with a tax exemption of 2 x €400,000. We will have a usufruct right notarized in...
As a private landlord of the 7 apartments in a multi-family house, I would like to temporarily hire a Polish citizen for 3 weeks as a short-term mini-jobber as a caretaker for tasks around the house (small repairs / renovations, gardening). The total...
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 ...
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 ...
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...
I own a rented condominium (2 rooms, 80 sqm), whose lease has now been terminated. So far, the apartment has only resulted in a small surplus for tax purposes, because for social reasons (elderly, befriended lady) I had set a low rent and have not in...
Hello, my husband is an employee and also uses our private car for business trips. He receives a flat rate for kilometers from his employer. Last year, the parked car was damaged by another driver during a business trip. Since the damage did not bot...
Hello, Last year we bought a vacation apartment in a multi-family house, which was also occupied until the sale. We carried out cosmetic repairs, which in total (including travel costs) exceed 15% of the purchase price. Nothing was expanded or change...
My girlfriend (employee) is supposed to get a company car from her company. Commute to work: approx. 50km (one way). We are aware of the 1% rule - therefore, with the "commute to work supplement", it is very expensive, and the potentially applicable ...
I am selling a garden shed and a driveway gate for 500 euros each, plus a sales revenue of approximately 2000 euros for curtains, wall unit, couch, and fitted kitchen. How do I need to declare and pay tax on these earnings? (I bought the house two ye...
Hello, I am a resident in the UK and I would like to rent out a property in Germany. I would like to know approximately how high my tax burden from the rental income will be. In the UK, I earn income from employment which is regularly taxed in the U...
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 Sir or Madam, I need your advice regarding the following situation: Current situation: Self-employed since 01/2012, consulting activity, relatively low turnover this year (approx. €8,000). Vehicle A (MINI, financed, I am the owner and policy...
I work as a nurse 70% of the time, so I am not self-employed, and I own three furnished holiday apartments. Since I always make sure that these apartments are rented out for longer than six months, I do not operate a business. However, I need a par...
I am currently a VAT-registered entrepreneur and want to ensure that I can work again VAT-free according to §19 UStG next year (2013). If I am correctly informed, I have to keep my turnover below 17,500.01 euros this year (2012) in order to do so (My...
Dear Sir or Madam, In addition to my employment, I also have income from property and capital gains (3-family house). In 2010, I had a viewing appointment with potential tenants for one of the 3 apartments. On the way back from the property to my re...
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, since 01.09.2009 I own a condominium which I use myself. (Value of the apartment without land = €150,000) I intend to rent it out in the distant future as I plan to build a house. (Assuming rental from 1.7.2012) Due to planned renovations in...
I inherited a condominium right next to my owner-occupied apartment in 2007 (debt-free). The apartment stood empty for two years - since November 2009, I have been renting it to my mother and mother-in-law, at a slightly cheaper rate than usual. How ...
Good day, The tax office does not want to recognize my accident on the way to work because my car was too old. Year of construction 2002 - accident in 2010. It is a Corsa. There was an economic total loss. A comparable Corsa cost 4000 - 5000 euros at...
I am not registered in Germany. I live in Dubai. I would like to buy an apartment in cash and rent it out for profit. How much tax do I have to pay on the income from the profit? 4440 euros annual rent income....
Hello, I bought a second-hand apartment (2 rooms) for rental purposes in 2009. The purchase price was 65,000 EUR in a residential complex with 18 units (Lindau Bodensee). The apartment was renovated before the tenant moved in (sanding the floor, pai...
Hello, my husband has a company car with private use (1% taxation). So far, on the income tax certificate, he also received trips to points 17+18 (tax-free allowances and lump sums) listed. In the tax return for 2009, we always claimed the commuting...
Hello, I have recently started renting out a single-family house (significantly renovated and expanded in terms of use and size), so these are all construction costs. I write these off annually at 2%, assuming a useful life of 50 years. But what abo...
Dear Sir or Madam, I am a full-time bricklayer and have additional income from self-employment, meaning I buy and sell accident vehicles, which may be repaired and then either exported or resold domestically. I am not sure if I have understood § 25 ...
