Hello everyone, Since the estate agent who is currently handling the sale of my apartment asked me for my bank details AND tax ID, I am currently a bit unsure about the so-called speculation tax…although I was of the opinion in principle that it should NOT be incurred. The following facts: My parents bought the…
Hello, My husband and I bought our first condo this spring for around $200,000. Now a lot has changed, and we've received an unbeatable offer for a house, which we're happy to accept. We've completely renovated our apartment and would like to sell it at a profit. We'd like to invest this profit in the…
Suppose I bought a commercial property in 2018 for 1.8 million euros and sell it in 10 years for 2.5 million. If inflation of about 3% per year is taken into account, I make no profit up to 2.35 million. So if I pay taxes on 700,000 euros, I'm making a big loss, right…?
Hello everyone, I'm having a bit of trouble deciding whether I should sell my condominium in Germany (Baden-Württemberg) because of the speculation tax. I bought my apartment in 2018 for 115,000. Thanks to renovations and increased value, I can now sell it for around 185,000. Logically, I am still within the 10-year limit; I have…
I've read a lot but it's not clear to me.
Hello, Can you only look for a buyer after 10 years or can you place a search advertisement beforehand? speculation tax 10 years from purchase contract.
I lived in a property myself from 1994 to 2004, but was only able to purchase it in 2019 without living there myself. Does this period before then also count as owner-occupancy?
Hello, I bought a house in January and currently live in it myself. A tax advisor told me that if I sell the house again this year and make a profit, I won't have to pay capital gains tax because I used the house exclusively for my own purposes. If the house were rented out,…
I'm from Germany. Can I buy and sell my coins? The balance in my wallet is always rising or falling. Does the one-year period apply to the withdrawal from the wallet to my bank account, or does it apply to when I sell a coin, have a balance in the wallet, and then buy another…
I've owned a property for over 10 years. I gifted it to my son in 2021. Now we want to reverse the gift. At the same time, however, we want to sell the property. If I return the property, do I have to pay capital gains tax, or does the 10-year period apply retroactively to…
Hello everyone, A friend of ours bought an apartment building with his real estate company. We've asked him if he can let us live there in exchange for rent, as we're urgently looking for an apartment. He says he can't because it's in his company's name, and he'll have problems if he wants to sell…
Hello, I have the following question: I have owned a 1000 sqm plot of land (given to me by my parents) since 2019 and will likely have to surrender half of it to the municipality due to a newly introduced local ownership model. (Sell to the municipality at a discounted price.) Since this isn't happening…