Everything posted by TheSame
Hello I am working in Berlin for more than 2 years now, with a BlueCard visa. While I was a resident here, I bought an apartment in my home country. Now I would like to sell that apartment and bring the money to Germany (planning to buy a house here) My question is: should I pay any taxes here as well? I will pay taxes and fees in my local country, but there's no direct cooperation between my country and Germany, so probably Finanzamt (or any other Government organisation here) won't be able to query them about my tax status. This property was my savings over the years, not a source of income or investment. My only source of income is my salary in Germany. To put it slightly differently: if I bring the cash here, will I still be a subject to tax? I mean, if I decide to buy a property by cash (hypothetically) or deposit my money to my German bank account in 10K instalments, will I get questioned/taxed? This is a concern among many of my friends, as we would like to bring our savings here, but are concerned about the high taxes. To be clear: I don't want to bypass any laws. I want to know 1- if my situation is subject to tax 2- if there's a legal way to decrease or cut the tax Thanks Ahmed
Thank you @Smaug and @Straightpoop I will talk to a tax lawyer here then to be on the safe side. One more question: what would be the difference between bringing that money as a property sales money, vs personal savings? I mean, suppose I sell the property and keep the money in a bank account or even cash in my country for 2 years (hypothetically) and then bring that money here as my savings. Would that still be subject to tax? The main reason of my confusion is that I don't know whether I should separate my savings from this money or not. Should I declare my savings when I bring it to Germany, be it in cash or bank transfers? (I have brought some of my savings in cash during the past 2 years, but never declared them, because I didn't even have an idea that's a thing. I just know that if you have cash >10K you should declare it in the airport/customs. I had also asked from my German bank before. They told me you don't need to declare anything <25K when you deposit to the account.) To give you a concrete example: I sold my car before coming to Germany and brought 10K€ of it in cash here. I did not declare it and just put that money into my German bank account in an ATM. Was that a legal thing I did? And if your answer is that the savings are not subject to tax, then I assume it would be a way for every foreigner to bring their money without paying any tax (which would be weird, considering Germany's strict and comprehensive tax laws) Sorry for the long question.