Depreciation has a direct tax-reducing effect on income from letting – without a outflow of cash out of your pocket. This also applies to properties that can be sold tax-free in accordance with Section 23 of the Income Tax Act (EStG). The depreciation claimed over the years reduces the acquisition or building costs of the property that can be deducted from the sale proceeds.
For many expats moving to Germany, buying a home is not just a financial investment but a significant step towards laying down roots in a new country. The process, while exciting, may for the most be unfamiliar, full of buerocracy ( we have guidelines for everything) and perhaps even more lengthy than in your home country. This guide aims to demystify the timeline of buying a home in Germany, providing expats with a clear understanding of what to expect and how to navigate each step – Basically answering the question: "How long does it take to buy a home in Germany".
You may encounter questions while searching for and evaluating a property which you want to buy. Here are some links, which we regularly use.This can be just a starting point… Read More »Link List across States in Germany
Having a stable economy and property prices, Germany is a good place to invest in – especially in real estate. Germany, having one of the most complex tax laws in… Read More »Transaction Costs and Taxes when buying and selling Real Estate in Germany
The new German Home Ownership Programme is the right step towards having and promoting the building and buying of climate-friendly buildings in Germany. The introduction of the New KfW Subsidies… Read More »New German Home Ownership Programme Starts, Inspiring People to Buy Climate-friendly Buildings the Key Goal
Living abroad can be challenging at times but with the help of Expat Guides navigating through all aspects of life in Germany has never been easier! This comprehensive website offers… Read More »General Expat Topics are covered by Expat Guides
Are you in Germany and an expat, who is keen to have a house of his own? Here, you will learn what things you shouldn’t do if you have plans… Read More »DON’T DO THESE THINGS BEFORE YOU GET A HOME LOAN IN GERMANY
What does the notary do? What do you need to do? What else is happening in the background? Get answers to all these! Notaries in Germany validate and attest documents… Read More »What happens after I sign the purchase agreement at the Notary?
Germany is a nation of renters. A report suggests that as high as 58% of Germans live as tenants in rented properties. This low home tenure rate is something difficult… Read More »3 Important Ways to Finance Your Home in Germany
