Nesting privilege, my new favorite word! Although I’ve known about the holding model for ages, today was the first time I heard the term “Schachtelprivileg”. Simply put: only 1.54% tax on the sale of real estate! If you’re wide-eyed now, check out this short article on real estate holding. Tip! Learn more about legal forms […]
Family foundation: tax advantages and asset protection – A family foundation offers a wide range of tax advantages and opportunities for long-term protection of family assets. In particular, transferring real estate to a foundation can be an attractive option. In this article, you’ll learn how transferring real estate to a family foundation can save you […]
Selling an apartment building – If you want to sell your apartment building, you will not only incur the usual costs for tax, notary and land registry, but also some tax payments. Find out here what taxes you can expect to pay when selling your apartment building. Also: How you can save on taxes and […]
Self-disclosure for the bank – You want to buy a property and this is to be financed by a German bank? Whether Sparkasse, Volksbank, private banks, Postbank, Deutsche Bank or Commerzbank, banks want creditworthiness (risk minimization) and proof of it. This proof is called self-disclosure. Here you present your assets and your monthly income. In […]
Legal forms USA – What types of company are there? If you want to set up your first US company, choosing the legal form is one of the first steps in the company formation process. Whether you want to set up a special real estate company or a start-up, we have summarized all types of […]
Tax Advisor for Business – In this guide, you will learn everything about working with a tax advisor. Starting with the risks, what happens if you choose the wrong tax advisor for your business? Plus tips on how to find good tax accountants. Then a look at the tasks involved, from bookkeeping, to wages and […]
Taxes when selling real estate – When selling a property, whether a condominium, house, apartment building, commercial property or land, you will learn everything you need to know about taxation when selling real estate : Who pays the real estate transfer tax? How high is the speculation tax? Plus tax optimization when selling in the […]
Limited partnership (KG) – The limited partnership is a German legal form founded by two or more persons and managed by at least one partner. The main feature of this legal form of business is the division of liability risk: at least one partner has unlimited liability and at least one partner has exclusive business […]
Gesellschaft bürgerlichen Rechts (GbR) – The Gesellschaft bürgerlichen Rechts is a German legal form which is established by two or more persons for a certain period of time in order to conduct a certain business together or to achieve a common goal. It is therefore always for a specific purpose and usually exists only as […]
Saving taxes with real estate – In Germany, if you’re looking to invest in real estate, whether to buy a house or rent out a property, it is vital you get to know the tax system, its loopholes, and how to maximize profits when you invest. Familienstiftungen are an easy way to reduce your tax […]
Today it flickered across the news tickers of the world. According to the New York Times, US President Trump pays only 750 euros in income tax. It gets even better, according to the New York Times Trump paid no income tax in 10 of 15 years from 2000 onwards. Are these questionable tax saving strategies […]
