Private real estate sales in the context of succession cases and own-use
Recently, a number of new court rulings with respect to private sales transactions involving real estate were…
Read moreFive-year period and three properties limit – Criteria for commercial trading in property
When a property is purchased and sold shortly afterwards this could give rise to a taxable capital gain. If…
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A tenant’s entitlement to reimbursement under the German Carbon Dioxide Cost Allocation Act
The Carbon Dioxide Cost Allocation Act (Kohlendioxidkostenaufteilungsgesetz, CO²KostAufG) has introduced an…
Read moreIs living space illegally repurposed when it is used by holidaymakers?
When rental apartments are rented out via online portals there is a risk that the actual use of the living…
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Shorter useful life – How faster tax depreciation of real estate can be achieved
Fixed tax depreciation rates based on standardised useful lives mean that real estate users have only limited…
Read moreSale of properties held as private assets – Recognise and avoid the tax pitfalls
Capital gains on personal property are not generally subject to income tax. Even the capital gain on a…
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Compensation payments made to tenants as immediately deductible expenses
According to a ruling recently issued by the Federal Fiscal Court (Bundesfinanzhof, BFH), payments made to…
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Withholding tax for construction services and its tax risks for businesses, lessors & Co.
The German fiscal administration recently revised its approx. 20-year-old circular on the application of…
Read moreRefurbishment expenses that can be immediately deducted after withdrawal of a residential property
If extensive maintenance and modernisation measures are carried out at rental properties within three years of…
Read moreTax-exempt sale of property – Self-use in the year in which the sale takes place is essential
If property that is held in private assets is sold before the end of the ten-year speculation period then the…
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