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Mungukun
10 months ago

When will speculation tax be payable at home sale?

Never. There is no speculation tax in Germany.

There are private divestiture transactions under § 23 EStG due to income tax if a building has been purchased and sold within 10 years and the building is not used exclusively or not in the year of sale and for its own residential purposes.

Or do I have to do that? Or only next year with the income tax statement?

In the case of a private sale business, you are obliged to submit the income tax statement as soon as the free limit of € 1,000 (up to € 2023: € 600) is reached.

Mungukun
10 months ago
Reply to  Angi1703

Yes. You can submit an application to the tax office for fixing or Increases in advance payments are due to the fact that you have achieved a sale profit of X €.

Mungukun
10 months ago

Yeah, well. You can also write directly in the request that this should only be fixed for one year because it was unique.

Giota210
10 months ago

There is no speculation tax.

A private sale transaction (§ 23 EStG) exists if

  • between purchase and sale of the property no 10 years lie,
  • a possible divestment gain at least 600 € (from 2024: at least 1,000 €)
  • AND if it does not exist exclusively for its own residential purposes during the period between acquisition and disposal; or in the year of sale and previous years not used for own purposes

If that is true, you must indicate that for the year in question in an income tax statement.

anTTraXX
10 months ago
Reply to  Angi1703

But that is called pre-payment

anTTraXX
10 months ago

So

anTTraXX
10 months ago

What you mean is a private sale business, there is no speculation tax. In the case of a primary sale transaction, the difference between the purchase costs and the sale proceeds is subject to the ESt.

Inadmissible according to § 23 para. 1 No 1 sentence 3 EStG of sale of land when

Between acquisition and sale over 10 years

or

a plot has been used for the period between acquisition or completion and disposal exclusively for own purposes

or

a plot in the year of sale and the two previous years has been used for own purposes.