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, as part of the anticipated inheritance, I would like to transfer agricultural and forestry properties to my children. In order to make use of the tax exemption that one receives once in a lifetime, as well as the tax exemptions for the childre...
Dear Sir or Madam, I am involved in two companies. I hold a 20% stake in a start-up that I co-founded in 2014 through a holding company that I own 100% of. I also own 55% of a second, longer-established company privately. I would like to sell my pr...
Dear Sir or Madam, I have a question regarding the gift tax law within the EU (specifically between Germany and Bulgaria). My uncle is a Bulgarian citizen with only one residence in Bulgaria, but he has a German bank account with a sum of 70,000 eur...
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...
Subject: Possible inheritance tax Please advise me: Is the "Solution Idea 2" in the "Details" a solution or not? What is your advice then? Details: Condition: 1. Marriage contract 1990: Separate property 2. Will: Berlin Will 3. House and land owner...
Topic: Reduced taxable wages for multiple calendar years and reduced taxed compensation. Hello, I wanted to file my taxes and my program has now brought me a message that I am not quite clear on. As a former soldier on duty, I receive transitional ...
Hello, I have a question about input tax deduction: I sell on Amazon and as a business owner, I have to pay sales tax on Amazon fees to the German government. Now I am wondering at what point I have to declare these fees for tax purposes. I only re...
Good day! I operate a vacation home rental business, which I will be closing on July 1, 2015 for health reasons (business deregistration). I still have the following items on my depreciation list: I. Furniture for a rented vacation apartment; (i.e....
Hello everyone, the following situation: My grandmother passed away and left a condominium to her children, thus creating a community of heirs to which my mother belongs. I bought the apartment following this process: At the notary, two sales contr...
Change of a final tax assessment notice Facts: Interest on loans (from 5 different loans) which were first recognized and taken into account by the tax office as subsequent advertising costs after the closure of a business in 2011 were overlooked by...
We are buying an undivided property with two parties. We value 400 sqm for the first party at 100% Euro/sqm and another 400 sqm for the second party at 95% (due to the eastern side and border construction by the neighbor), and 650 sqm as garden land ...
Extinct Real Estate Partnership - new partner - transfer of 94.9% shares Father and son have a real estate partnership, father dies, shares pass to son (100%), the partnership is to be continued with a new partner (not a relative), but is it automat...
As part of fulfilling a bequest, a home that has been occupied by the deceased for more than 20 years was transferred to his child (legatee). The legatee renovated the home after the death of the deceased and has been using it for more than 2 years n...
Hello everyone, 20 years ago, a grandfather inherited 2 two-family houses (as co-heirs) to his grandchildren - the houses were then burdened with mortgages. These houses were built in 1965 and 1968 respectively and have been exclusively owned by the...
Hello, I have two commercial businesses. I would like to deregister one of them promptly, as it is no longer generating profits and will not be generating any future income. I would like to transfer the second business to my wife free of charge (as ...
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...
We are planning to sell a property, which was acquired by my ex-in-laws in 1995. In 2006, we signed a notarial transfer agreement to take over the property. The property is owned by my ex-wife and me, each owning 50% according to a divorce settlement...
As a partner of a GbR consisting of 2 persons, in 2006 I acquired the 50% share of a rented property from the second partner, so that since then the property is 100% mine. The property had a value of 500,000 euros in 2006, so the share was 250,000 eu...
Dear tax consultant, I am a co-owner in an inheritance community of an property. I own 3/4 of this property, which consists of rented apartments. I would like to appoint my wife or a third party to take care of the tasks related to renting and mana...
Hello, I have been working as an escort for some time now, both through an agency and through the internet portal gesext.de. However, I am only 21 years old and still studying, so my parents still receive child benefit for me. At the agency, I recei...
Facts: Two partners (life partners) establish a GbR for the purpose of purchasing and operating a property. A holds 96% and B holds 4% of the partnership shares. It is agreed in the GbR contract that in case of one partner's termination, the shares w...
As part of a possible anticipated inheritance, a transfer of a rented semi-detached house could be an option for me as a son (along with 3 other siblings) in the context of an inheritance contract. The cold rent of the property is currently at the lo...
The goal is to take advantage of the lower tax rate for children and their tax-free allowances without gifting them the capital. One could or used to be able to provide income to their children through a usufruct agreement. To do this, I think one h...
As part of the transfer of my freelance practice (yoga studio) to my wife, we were advised to make a contractual handover arrangement. The handover took place on August 31, 2010. The practice has not been subject to sales tax so far and was subject t...
