Corporate income tax (KSt) – tax for legal entities

Corporate income tax – KSt for short – is usually levied on the income or profit of legal entities domiciled in Germany and is thus complementary to income tax (ESt), which is usually levied on individuals. Taxable persons typically include corporations, associations, cooperatives and foundations. A limitation of corporate income tax comes into play, for example, if the management and headquarters of the legal entity are located abroad. Political entities, federal companies, state banks and social security funds, professional associations and some others are fully exempt from the obligation to pay corporate income tax.

Other taxes for businesses:

• Income tax (ESt)
• Capital gains tax (KapESt)
• Value added tax (VAT)
• Trade tax (GewSt)

If you want to learn more specifically about taxes for real estate companies, you can learn more here:

• Save taxes on real estate

Corporate income tax in detail: collection, levy & allowances

As a corporate tax, corporate income tax counts as a community tax and is levied by both the federal government and the states. The amount of the levy is calculated on the basis of the taxable income, which is the result of the profit less special expenses and extraordinary burdens, and is currently 15 percent plus the solidarity surcharge (SolZ), resulting in an overall tax rate of 15.825 percent. Corporate income tax is payable quarterly on March 10, June 10, September 10 and December 10 in equal instalments as an advance payment and is offset against the actual tax liability at the end of each fiscal year.

Dates for advance payment of corporate income tax:

• March 10
• June 10
• September 10
• December 10

As a rule, the corporate income tax return must be filed by 30 April of the following year at the latest for the preceding tax period. Extensions are possible under certain circumstances. Members of the tax advisory professions are generally subject to different deadlines for filing the corporate income tax return.

Allowances for companies without profit distribution

Companies that do not distribute profits – for example non-profit associations – can benefit from a tax-free allowance of currently 5,000 euros, whereas agricultural and forestry cooperatives and associations may be entitled to a tax-free allowance of 15,000 euros. For companies that record losses within the valid tax period, taxation does not apply at all.

Which companies are subject to corporation tax?

Most legal entities are subject to corporate income tax. All corporations – limited liability companies (GmbH), stock corporations (AG), partnerships limited by shares (KGaA), etc. – as well as cooperatives and business cooperatives are usually affected. In addition, mutual insurance companies and mutual pension fund associations have to meet their corporate income tax obligation, as do institutions, foundations, associations, etc. Commercially active public corporations – for example, transport companies or public utilities – are also affected by corporate income tax.

• Associations
• Institutions
• Foundations
• Corporations
• Acquisition cooperatives
• Business cooperatives
• Mutual insurance companies
• Mutual pension funds
• Commercially active public bodies

Partnerships such as the general partnership (OHG) or the limited partnership (KG) are generally not subject to corporation tax or income tax, but the natural persons and legal entities with partner status belonging to them are. The profit generated by the partnership is subject to uniform and separate determination and is allocated directly to the individual partners in accordance with their legal form: Legal entities must charge their profit shares to corporation tax, natural persons to income tax.

• Partnerships: Legal entities with profit shares

Political parties, professional associations, charitable corporations and federal corporations are generally exempt from corporate income tax.

Overview of company law forms

You can find more information about the different legal forms under the following links. Starting with the sole proprietorship and the registered traders… to the various partnerships and corporations… to other companies such as the family foundation – all the essential aspects of formation, liability, tax burden and more explained simply and understandably! First of all, an overview of the individual legal forms of companies:

• Sole proprietorship (EU)
  • Freelancer
  • Small business
  • Registered traders (e. K.)
• Silent partnerships
• BGB companies / civil law partnership (GbR)
• Partnerships
  • Limited partnership (KG)
  • General partnership (OHG)
  • Limited Liability Company and Company Limited Partnership(GmbH & Co KG)
  • Limited Liability Company and Compagnie General Partnership(GmbH & Co OHG)
• Corporations
  • Stock corporation (AG)
    • AG & Co KGaA
  • Partnership limited by shares (KGaA)
  • Limited liability company (GmbH)
    • GmbH & Co KGaA
  • Entrepreneurial company / UG (limited liability)
  • European Company / Societas Europaea (SE)
    • SE & Co KGaA
• Other companies
  • Foundations / Family Foundations
  • Insurances
  • Partnerships
  • Registered associations (e. V.)
  • Registered cooperatives (e. G.)

Taxes in Germany: List

Corporation tax (KSt), income tax (ESt), capital gains tax (KapESt), turnover tax (USt), trade tax (GewSt) – who pays what? In this overview of the different types of taxes / tax forms in Germany, you will find relevant taxes for you as an individual and for your business, depending on which legal form you have chosen. Also, after the tax list: How does the tax cycle work around month-end closing, year-end closing and balance sheet? A little insight for those starting their first company. What taxes are there? Simple explanations, definitions, tax optimization, an insight into taxes.

• Taxes: List

Der Beitrag Corporate income tax (KSt) simply explained: UG, GmbH & other legal forms erschien zuerst auf ℄ Real Estates.

Intelligent building technology at a glance

• Automatically functioning electronic control of a property
• Demand and supply increase
• Save electricity
• Control house via smartphone

Back to the wiki: Real Estate

Der Beitrag Intelligent building technology – controlling the house via smartphone, saving electricity & the trend of the future erschien zuerst auf ℄ Real Estates.

Berlin-Grunewald: Exclusive villa district in the west of Berlin

Berlin is not only one of the economically strongest cities in the country, but also an attractive place to live for entrepreneurs, families and students. The standard of living is high, the infrastructure good and the cityscape diverse. As a metropolis of art and culture, Germany’s capital has a lot to offer: From historical monuments to green national parks and exciting museums. It never gets boring here. The colourful city life, the growing job market and the cultural diversity make the historical stronghold of Berlin one of the most popular cities in Europe. And this is also reflected in the real estate market.

Grunewald: map and location

Grunewald is located in the west of Berlin near the popular residential areas of Charlottenburg, Wilmersdorf and Steglitz. Grunewald is particularly impressive due to its excellent location on the edge of the Havel River. The local forest and the large number of green spaces, parks, monuments and sights also add to the flair of the district.

Sell real estate: Apartment, house, apartment building

You want to buy a property and are now in a hurry with your current property sale? Or you are planning to buy an apartment building in order to rent it out lucratively? Also in Grunewald houses are sold for the most different reasons. Every owner wants to achieve the highest possible price for his property. A successful sale requires extensive preparations, the necessary time and a professional approach. In order to sell a property efficiently, it requires not only a lot of sales talent, but also a lot of know-how about the sales process, taxes and legal matters! You should also be familiar with your type of apartment or house.

Here you will find all the guides and tips at a glance:

• Sell apartment
• Sell house
• Sell apartment house
• Sell land
• Overview: Sell real estate

Before selling, you should first value your property:

Real estate valuation: Valuation for the sale of real estate

Real estate agencies will appraise the value of your condo or house if you hire an agent to sell your property. But why should you leave the property valuation to an expert? For one thing, an experienced real estate agent is familiar with the various factors that affect the purchase price, and for another, many buyers try to drive down the price. An experienced real estate agent can prevent this through his expertise and sales skills.

Here you can find out more about property valuation, the procedure and the most important documents:

• Rate apartment
• Rate house
• Rate apartment house
• Valuing property
• Overview: Valuing real estate

Selling property in Grunewald: documents & procedure

Whether Grunewald, Weißensee or Kreuzberg – you want to sell a property in Berlin? Selling a property requires not only a lot of time and effort, but also a lot of documents, negotiating skills and a very good organization. Learn here which documents you need, how your property is valued and which steps follow.

Important documents: from the energy passport to the extract from the land register

In order to sell your home, you will need some documents that show relevant data. These include:

• Energy pass
• Land register excerpt
• Floor plans and details of the living space
• Invoices from refurbishments & co.

If you have carried out energy measures or other modernisations, you should have the corresponding invoices ready for the buyer. The first step in selling a house is the valuation, and only an experienced real estate agent can do this reliably.

Valuate property & set sales price

Based on the determined market value, you set a price for your property and compile sales documents. The exposé gives interested parties as detailed an idea as possible and should encourage them to view your residential property. Ideally, you offer your home on various channels to reach many potential buyers.

Reading tip: Creating an exposé – tips

Arrange appointments for viewing

Whether it’s an old apartment in Steglitz, a villa in Grunewald or an exclusive detached house in Pankow – it’s important that every prospective buyer can view the house alone with you without being disturbed. The acquisition of residential property is often a purchase for life, it is looked at everywhere closely and asked a lot. With numerous prospective buyers, this stage of the house sale can be time-consuming, elaborate and stressful.

Select a buyer and negotiate the price

You have the task of selecting a buyer from among many interested parties with whom you will negotiate the price. Real estate is almost always negotiated, please include this fact in the pricing.Once you and the buyer are in agreement, the question of the payment method should be asked. Usually the new owner will arrange finance and provide you with confirmation from their bank if requested.

Important: Do not forget to check the creditworthiness of the prospective buyer!

Processing at the notary: purchase contract, dates & Co.

The notary is usually chosen by the buyer and you must be prepared for two joint appointments. At the first meeting, you present the documents mentioned above and discuss the contents of the contract with the notary. Afterwards, the buyer and the seller each receive a draft, which they can check for correct details and execution in the following two weeks. At the second appointment you and the buyer sign the agreement. After receipt of payment and some formalities, the house is handed over to its new owner.

Here is an overview of the last steps:

• Meeting with notary
• Review of the documents & the purchase contract
• Conclusion of the contract
• Verification of the receipt of payment
• Handover of the property

Conclusion: Leave the house sale to an experienced real estate agent

You now know the challenges you face when selling your home. So choose Lukinski, your trusted partner in selling real estate. At Lukinski, we scientifically value your home, create informative sales documents, use proven sales channels and find the ideal buyer. As a result, you save a lot of time and achieve the best possible price, whereby our costs are borne by the buyer in the event of success.

Berlin: Real estate in the capital

Capital, university city, historical stronghold and as an international location an attractive place to live for families, couples, singles and students. Accordingly, Berlin faces a continuously growing population due to immigration.

Living in Berlin

In Berlin, city districts are called Kiez. We present the most beautiful neighborhoods of the German capital and tell you where you can buy the best, highest quality and most exclusive properties to set up your new home, or which neighborhoods are best suited to invest in a property as an investment. We present you here the most popular residential areas. We also give you virtual insights into the most beautiful areas of Berlin.

• Living in Berlin

Sell, buy and live in Berlin

Berlin offers everything from fashion, art, finance, start-ups, and the list goes on. There is hardly a person who would not find their passion in this city of 3.75 million. This is also evident in the sprawl of the city and the different districts. For this reason it is often described as’ many cities in one’. A walk through Berlin-Mitte is very different from Kreuzberg and Prenzlauer Berg is not often confused with Zehlendorf.

Buy, rent and sell real estate in Berlin – Berlin is not only in Germany the “place to be” when it comes to real estate, in all of Europe and worldwide Berlin is known. Next to London and Paris, Berlin is the hotspot in Europe for Europeans themselves, tourists and real estate investors. Here you will find the big overview, on the subject of buying, selling, renting, investment and everything else you need to know about the Berlin real estate market.

• Real Estate Berlin

Der Beitrag Selling real estate in Grunewald (Berlin): procedure, documents and valuation – tips for house, apartment & land erschien zuerst auf ℄ Real Estates.