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 …

Read more

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 …

Read more