How to save taxes

Expand the attic, build a conservatory, renovate a purchased house before moving in – these are just a few of the attractive tax-saving options for Seibermacher.

Do you want to build or remodel? Then you should let the tax office pay for it – we tell you, how to:
Completely independent of that, what your income is, you can off- or conversion costs up to 60 000 deduct euros (for five years each 20 percent), if you create another self-contained apartment in your house and rent it out for at least five years (for example also to your adult child with his own income). Deadline: The apartment must by 31. 12. 1995 be finished.

If your “Total Earnings” over eight years is not more than 120 000 (single) or. 240 000 Euro (for married) amounts to, you can build up to a maximum 330 000 Sell euros for four years with six and another four years with five percent each. Tip: This bonus according to. Paragraph 1Oe of the Income Tax Act can be claimed twice by spouses, z.B. earlier for home construction, today for the heated conservatory. A 7b advantage counts.

Section 10h of the same law gives you – under the same income conditions – the possibility, again up to 330 000 to deduct euros, if you create another self-contained apartment in your house and a relative (first degree!) leave for free. but: Then there is no child benefit. How much tax savings can result from this, see the tables below.

If you are in one of the five new federal states 1 Life, you can modernization- and deduct expansion costs in owner-occupied living space. From maximum 40 000 According to the paragraph, these are marks 7 of the Promotional Area Act for ten years each 10 percent. However, any public subsidies reduce the tax advantage.