Partial sale of Real Estate in Germany

Partial sale of Real Estate in Germany

For some time now, there have been new financing offers for seniors on the real estate market. These include, above all, the partial sale of the property. In this case, the owner sells an ideal co-ownership share in the property (for example 20 % to 50 %) to a commercial …

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turnover tax when renting out

Option to pay turnover tax when renting out

Voluntarily foregoing a tax exemption may sound strange, and most people will certainly immediately feel uncomfortable.  In principle, landlords are entrepreneurs in the VAT sense. In this respect, the VAT view differs from the income tax view. Rental income is subject to turnover tax, but a tax exemption applies. Accordingly, no …

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Land transfer Tax in Germany

The Tax treatment of land transfer tax in Germany

With the amendment of the Real Estate Transfer Tax Act in May of this year, the legislator changed the Real Estate Transfer Tax after a long discussion and made it much stricter in some points. For example, land transfer tax was only triggered in the case of transfers to real estate companies …

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Real estate transactions and turnover tax in Germany

Real Estate transactions and turnover tax in Germany

A sale of a business as a whole always occurs when the essential foundations of a business or a separately managed business are transferred in such a way that the acquiring entrepreneur can continue it without financial expenditure.  Tax consequences of the sale According to § 1 para. 1a UStG …

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