We are employees and bought a house in mid-2019 and paid accordingly. The previous owners contractually reserved a one-year right of residence against payment of rent. From mid-2019 to mid-2020, we received rent payments, after which the previous own...
Good day, in addition to my main job as an employee, I have been working as a freelance voice actor since 2012. (I always take advantage of the small business regulation). Since I have mostly incurred losses, a few years ago, the tax office suspected...
Dear Sir or Madam, the following situation: My wife and I bought and paid for a single-family home for our own use in August 2019. The house is financed by a loan. The transfer of the land register took place in January 2020. Due to a contractual ag...
Hello, I am an employee with a gross salary of 34500 € and I have three rented properties. I pay 630€ in interest for the loans on the properties and have 1470€ for repayment and cash flow. Now I would like to open a brokerage account (starting with ...
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...
The situation is as follows: With the birth of our second child in May 2014, my wife's entitlement to benefits increased from 50% to 70% (under the official regulations of Rhineland-Palatinate). Accordingly, the private health insurance premium would...
Dear Mr. Christiansen, Thank you for your advice, I have another question. Reminder of the key points: My husband and I own two apartments, each 50% / 50%. We will sign the gift contract for apartment No. 1 at the beginning of April and a few weeks...
Question regarding rental and leasing: For years, I have rented out a granny flat in my owner-occupied house. In my income tax return for 2016, I declared rental income of EU 408,-- cold rent and a lump sum for utilities of EU 92,-- as income, as I h...
Dear experts, the situation is as follows, with a request for answers to the following questions: A good acquaintance (not related) wants to buy a property. (He currently lives in this property under a rental agreement.) Since he does not have eno...
Hello, I am currently going through a divorce and separated from my wife in 2012. I own a single-family house, from which I moved out in July 2012. In 2016, I filed for divorce, which also involved a change in tax class to class 1 starting in Januar...
Good day, I have the following question: Since 2010, I have been employed as a lawyer in a company that has been deducting pension contributions to the German Pension Insurance (employer and employee share) to the Deutsche Rentenversicherung. At th...
I am contacting your tax expert Mr. Oliver Burchardt with my question regarding the US pension fund 401k. I have deposited a total of $82,000 into a 401k from 1987 to 1995 in the USA, $10,400 of which was untaxed and $72,000 was taxed. By February 2...
Hello, Approximately 20 years ago, I purchased a condominium in Thuringia as a capital investment. A mortgage was taken out, which was made repayment-free and linked to a life insurance policy that will repay the mortgage upon maturity (2025). The ap...
I was informed by a customer afterwards that an invoice from 2013 should be issued as exempt from sales tax instead of with sales tax (lecturing activity was retrospectively exempt from sales tax according to §4 No. 21 a) bb) UStG). The customer's s...
1. Question: Can I make retroactive pension insurance contributions due to my divorce? Can I claim this retroactive payment as special expenses on my tax return? Are there maximum contribution limits per year? 2. Question: Can retroactive payments t...
Dear Sir or Madam, I ceased my small business as a disc jockey in August 2014. My taxable income for the year 2014 is €2,821. I sold DJ equipment (such as speakers, amplifiers, etc.) for a total of €3,870. I transferred assets worth €2,200 into my p...
Hello everyone, I have a question regarding the calculation of parental leave benefits. We are both working and expecting our child at the end of July (due date is 28.7.2015). My wife will take 12 months of parental leave and I will use the two par...
Good morning. Here is my question: I have been living separately since 2013 and probably should have changed my tax class to class 1 at the beginning of this year. I have not done that yet. Last week I received a letter from the tax office with my da...
Dear Sir or Madam, After completing my studies and internship in 2006, I moved from Frankfurt to London and started my own business here. I hold German and Polish nationality, but am only registered here in England and pay my taxes here. Since 2012...
Short information about the company: No double-entry bookkeeping, cash basis accounting, subject to VAT, booking in SKR03. I have the following problem. When booking genuine damages (not subject to VAT), input tax of 19% was mistakenly deducted (due ...
We will buy a currently rented house for 460,000 € and declare own use as soon as possible. The current interest rate at the bank is 2.5%. My parents will provide us with a private loan of 50,000 € as "equity" at 2% interest with annual calculation;...
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...
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 ...
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 ...
