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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
ashnkles posted a topic in FinanceHas anyone purchased the flat they live in? And then purchased more flats or the building itself? I have fallen in love with my neighborhood and building (Altbau, 6 units) and I wouldn't want to actually kick out my neighbors (except the one next to me, as I would extend my flat into his but not right away). I'm wondering how I would even being to approach this topic with my landlords. The building is not in great shape but livable, no maintenance is done on it, landlords are quite elderly and own several properties and businesses in town. I can't imagine they make much off of our rent as it's so low, because the building wouldn't command higher rents. This wouldn't be necessarily an investment opportunity for me, it would be my passion project, something I would happily put resources, time and energy into to restore to the beauty it was, as well as provide housing at the lowest cost I could afford, once the neighbors did decide to leave. Anyone have any cultural tips, where I should start, how to break this project down for my landlords, etc.? It sounds silly maybe but at the moment I'm not worried about financials, since I'd rather get a sense of is this even legally and culturally doable.