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Giota210
9 months ago

There is no speculation tax, but income tax, which may apply to a private sale business, which is present when:

  • Between purchase and sale (determined for the respective date are the purchase contracts) no 10 years
  • A sale profit (sales price minus purchase costs) at least €1,000 AND
  • If the property was not used for own residential purposes between purchase and sale or in the year of sale and in the two previous years

can you search a buyer for 10 years or can you put a search ad before?

This is already done before (the search of a buyer or switching a search ad is not yet a sale with a purchase contract).

The above three points are decisive for the question of when it is taxable (if one of them is not fulfilled, then you are out of the tax).

stbjakobroess
9 months ago

Dear questioner!

You can sell a property in private property after a holding period of 10 years free of income tax, subject to cheaper regulations for self-inhabited property. The conclusion of the purchase and sale contract is decisive for the time-limit calculation.

You can turn a search indicator before the end of the 10-year period. However, a substantial pre-contract or actual completion of the business (transfer of property and money) is equivalent to a sale.

Best regards

Tax advisor Jakob Röß

Röß Online Control Consulting UG (Liability Limited)

In the absence of a free commission and complete knowledge of your personal situation, I exclude the liability for misconduct for this answer.

SatanseinSohnV
9 months ago

Can’t wait for him to buy later.

Can’t have it.