DannyThru

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About DannyThru

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  • Location Essen
  • Nationality British
  1. Rental income calculation

          This is a really great thread, as always, by Panda, and well worth a read.             what particularly interests me is:       So how does the ta department how much of the price you paid was for the ground and how much for the building standing on it?   They have a committee that decides every year how much a square metre of ground is worth in a certain region (= Bodenrichtwert).   Depending on where your apartment/house stands in Munich, this can be 700€ per square metre of ground or even up to 5,000€ per square metre of ground.   -------------------------   You can find out this Bodenrichtwert by phoning the Finanzamt and asking them for it for that certain street. They don't like giving it out, but just say you bought an apartment there and now need this value to do your tax declaration and then they will tell you. Just be sure to phone another person when you want to ask it for another street!       The Finanzamt doesn't like telling you the Bodenrichtwert because another state institution, that "committee", charges 30€ per information if you ask them, see here: http://tinyurl.com/24lgvyg                       i only ask, as I own and rent out an apartment in Coventry, UK.   I purchased the flat in 2006 as a 'leasehold'  (i.e. i only own the bricks and mortar, not the actual land itself).       -   Is there any Committee in Germany who decides what the square meter of ground is worth in Coventry, UK?   or is this only a consideration for property here in Germany?     If anyone has any ideas  / advice  / experience / clue....please feel free to shout!!!!! Cheers
  2. Preogressionvorbehalt vs Burger mit free Pommes dazu

    (from Deloitte)   Working & Living in Germany | Deloitte Deutschland brochure can be downloaded....       Rental income   Rental income from real estate in Germany is taxable in Germany at the taxpayer’s tax rate. Deductions, such as mortgage interests, depreciation or other expenses (e. g. maintenance) are allowable. Losses may be offset against other taxable income.     Rental income from countries that are members of the European Union/EEA is in most cases exempt from German taxation.   *****Rental income from countries that are not members of the European Union/EEA is mostly exempt from German taxation but will be taken into account when calculating the personal tax rate (progression income).*****     Rental losses from foreign sources cannot be offset against positive income taxable in Germany but could be offset against positive income from the same source in future years.
  3. Preogressionvorbehalt vs Burger mit free Pommes dazu

    Some good points you make here @Gambatte. I have often thought something similar myself about  Progressionvorbehalt   .   Upon arriving in Germany, i heard / read about this a few times of "foreign income is not taxed, but it enters Progressionvorbehalt",  and i must admit that i was 'slightly confused' at first. I kept thinking, it is clearly a 'quirk' of the German tax system maybe - i.e. well, it certainly sounds like it is 'tax relevant', as it potentially increases the overall tax rate.   Certainly, this whole topic is now very relevant for my rental income from UK, post-Brexit (annoyingly - yet another disadvantage of Brexit...its a long list!). In end-effect, it means that any foreign rental income (non-EU i.e. the UK) is definitely now 'tax relevant', and certainly not tax-free.  
  4. Hi I am planning on flying to the UK on Friday (evening) 11th June to see my parents, as my dad has dementia, and I haven’t seen them since December 2019. I went to my local GP in Essen today and asked them about a COVID test before I fly. My local GP said that they could do the COVID test themselves for me, but that they can’t promise the results being ready in time. They therefore suggested I check out the COVID test center at Duesseldorf Airport as a possible alternative. Has anyone got experience of using the COVID test center at Duesseldorf Airport? Do I have to: e.g. go there 2-3 days beforehand, and do the  test? Can i pick up the test results  on the Friday afternoon,  just before I fly? All and any practical advice very welcome!!!!!
  5. Voting by post in the UK from Germany

    British citizens living abroad set to reclaim right to vote in UK elections (euronews.com)
  6. Voting in UK general elections

    British citizens living abroad set to reclaim right to vote in UK elections (euronews.com)
  7. UK rental income on German tax returns (post-Brexit)

    i couldn't have put it better myself....
  8. UK rental income on German tax returns (post-Brexit)

    I LOVE PANDA, seriously.....(just don't tell my wife i said that).....lol.   @PandaMunich - thank you so much, you are too kind. Sorry for constantly getting on your nerves. Really appreciated, you have no idea how much.
  9. UK rental income on German tax returns (post-Brexit)

    Tax on UK Income (e.g. ISA Share & Savings Options, Rental Income) - Finance - Toytown Germany   PandaMunich  14,873 Munich   Posted 7 Mar 2018 · Report post     Yes, but only as long as the UK remains in the EU. After Brexit, you have to report the UK rental income in Anlage V and Anlage AUS, and it will raise your German tax rate,
  10. UK rental income on German tax returns (post-Brexit)

    interesting opinion @GaryC - i think i heard somewhere from PandaMunich that  both were needed for other '3rd countries'    
  11. UK rental income on German tax returns (post-Brexit)

    for AUS Form: Anlage AUS (Ausländische Einkünfte) Ausfüllhilfe (steuern.de)       has a section on all forms: - Hilfe (elster.de)   e.g. V and AUS
  12. UK rental income on German tax returns (post-Brexit)

    agreed. with Brexit  (Germany / UK) are all in the same boat.   the wording was maybe inaccurate - i maybe should have said, in case we know anyone who already does it relating to another non-EU / non-EEA country.  (e.g. they live in Germany, but have property rental income from Mexico, USA , India etc.)   They might have experience of forms V and AUS , which could be shared here, in order to make it easy now for people affected by Brexit who are completely new to this.   (just saying)   however - let's still try and share any experience , knowledge and understanding if at all possible, so that everybody helps everybody. i thought that was the whole idea of this forum, right? Otherwise, why are we here?      
  13. UK rental income on German tax returns (post-Brexit)

    Anlage V (Einkünfte aus Vermietung und Verpachtung) – Ausfüllhilfe | smartsteuer
  14. UK rental income on German tax returns (post-Brexit)

    Anlage V (Einkünfte aus Vermietung und Verpachtung) Ausfüllhilfe (steuern.de)   found this as a 'starter'