Hello, In 2016, after the termination of my unit-linked pension insurance, the accumulated fund shares were transferred to my private securities account. The pension insurance was taken out before 1.1.2005, with a minimum term of 12 years, a minimum ...
Hello, in 2018 I had an income of almost 30,000 euros as a freelancer, for which I now have to pay income tax. However, advance payments were also set for the year 2019, which I have to pay quarterly in 2020. (Approximately 900 € each time) Since in ...
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 mother owns approximately 1 hectare of land which is registered as agricultural land. There has been no cessation of business declared so far. Now, this land is supposed to be divided among three children. Half of the land has a market valu...
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...
Good evening everyone. The closure of the business has already been communicated to the tax office in May, with a statutory notice period of 6 months for the 2 employees. Question: Is it correct that the closing balance sheet must be prepared at th...
A and B bought a farmstead and several meadows in 2011, each for 1/2. One meadow and the green area of the farmstead were officially self-managed. A and B received operating premium, compensatory allowance, and VNP by having a business number and re...
Hello, I have the following question regarding the calculation of capital gains tax when cashing out (cancelling) a unit-linked life insurance policy in the first 12 years. Here is the scenario: The insurance company confirms the cancellation on 1...
Good day: Here is my situation.. My employment is terminated on the initiative of the employer for operational reasons by mutual agreement as of 30.09.2015. Until that date, I am released from work with continued payment of my current salary. An seve...
Hello, I am currently working and living in Dubai (since 1.7.2014) with an employment contract from the local company of the company. Before my stay in Dubai, I lived in Switzerland for over 2 years. I plan to return to Germany in 2015. How does my...
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 ...
I will terminate my employment relationship by way of a termination agreement/severance payment by 31.12.13. The severance payment in the amount of approximately 190,000.00 EUR will be paid out in January 2014. I will take advantage of the fifth prov...
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 ...
I am currently on parental leave. In the meantime, my employer has publicly advertised my position and has now offered me a termination agreement in which the employment relationship will be terminated by the end of the year, three months before the ...
Hello, my employer has offered me a termination agreement with a severance payment. I have been on parental leave for several years (with 2 children) and had no parental benefits in the last year, so no income. The severance payment would be 5400€, n...
Hello and good day, After my timely termination on 28.02.13, I received the agreed severance payment of 35,000 euros from my employer, along with the February salary, as ordered by the labor court. Unfortunately, I cannot determine if the amount was...
Dear Sir or Madam, In 2012, I purchased an apartment, financed almost 100% with external funds, with completion in 2013. This is rented out to my mother (who is now 70 years old) at a minimum of 66% of the local market rent. In approximately 10-15 ...
I work freelance in Germany for a non-listed company in Denmark. In March 2009, I received options to purchase xxx shares of the company at a price of xxx DKK. Later that same year, the company relocated to the USA, with the Danish company becoming a...
Next year (2013) I will receive a severance payment of 160 TEUR, for which the five-fifths rule should apply (concentration). I am married, my wife has no income. For example: My income from work in 2012 is 70 TEUR. Next year, I do not plan to have ...
Dear Sir or Madam, In 2010, I transitioned from being a freelance small business owner to a permanent employment, which I still hold today. In the process, I forgot to inform the tax office about the termination of my self-employment and to submit t...
Dear Sir or Madam, I am currently completing a part-time MBA program that is specialized in my professional field. Instead of a salary increase, at the beginning of my studies, I agreed with my former employer on a subsidy for further education, wh...
The following initial situation. I am the managing director of a Ltd, whose registered office is in my private house. For tax purposes, only one office has been deducted from my personal income tax return so far to avoid my private property being s...
Dear Sir or Madam, I am currently in the process of preparing my annual income tax return for 2011 and was employed in Germany until 31.03.2011. I was able to leave my employer with a significant severance payment, which was paid out to me on 30.04....
I own a two-family house and have been renting out one apartment to my parents since 1994 (the other one is occupied by my family). The rental income has always been above the 75% threshold. From 1994 to 2004, significant losses were incurred through...
