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Jon I posted a topic in FinanceHi All, I was planning to sell my house in the US this year and recently relocated to Germany for work. I'm living in Hamburg and earning my salary here in euros for the next 1 year and 2 months. I don't intend to remain in Germany after that. I have had the house for almost 5 years. I was living in it from 2014-2017 until I moved abroad, first to China, and then just a few weeks ago to Germany. I've been renting the house to my friend since 2017 when I moved out. My understanding is that the US has taxation rights to the sale. However, I would actually not be subject to capital gains tax in the US since I was living in the property for the minimum 2 out of the last 5 years. I would, however, be subject to depreciation recapture and a fairly small "stamp tax" in Massachusetts. I have spoken to multiple tax accountants in Germany through my work and they've given me conflicting answers on whether or not I would have to pay capital gains tax to Germany after the sale. I'm hoping that somebody with experience could help to clarify. I understand that if I had held the property for 10+ years or if I hadn't rented it out that I definitely wouldn't have to pay it, but unfortunately these situations don't apply to me. I also understand that I can rent it out for one more year and sell it after moving and it wouldn't be an issue, but I would very much prefer to sell it now. Please let me know in case more information is needed. I appreciate any help that you can give me. Thank you, Jon
dessi posted a topic in LegalI bought a house in February this year. Provinzial, the insurance company of the previous owner, contacted me by letter shortly after I moved in, to which we replied saying we would not be taking over whatever policy was on the house. Unfortunately this was not sent by registered email and Provinzial says they have no record of it. Upon moving in, we signed up for a new policy with another insurance company and life went on. Until a month ago when Provinzial called us (not sure how they got our phone number) to tell us that we owe them money. They claim they never received our letter and that they have been sending us multiple letters since (upon further enquiry during a face to face meeting, they admitted they sent these letters to the previous owner and not to us). Apparently since then, and without letting me know, they have renewed a policy for another year. They also cannot tell me what exactly they renewed because the previous owner had a full insurance package (house, car, life, etc.) so that is not directly applicable to me. Has anyone had this kind of experience when buying a property in Germany? And what my rights might be in this situation? I unfortunately don’t have a legal insurance and while I understand it may not be worth fighting for a relatively small sum, I don't like their their lies (claiming they sent me multiple letters after the first one but later admitting they sent them to the previous owner).
Hello, I am doing a PhD at LMU Munich and my girlfriend is moving down from Bremen. Our budget is 900€ and we are ready to provide proof of income, references etc. The most important thing is that the city centre should be easily accessible from the apartment. Kindly drop a message if you have a place to offer. Thank you
Sam11 posted a topic in Services offeredDear all, If you are looking to improve your house/apartment or you need a repair example a bathroom: please contact us and we are happy to help. Over 15 years of experience: Located in Munich. What we can do: Kitchen Bathroom Living room Walls, ceiling wall, ground floor (hardwood flooring or tiles) Outside/inside facade Any further questions please send me a PM or cantact me over the phone or (whatsapp) +49 157 5405 8187