Are you a builder or do you want to buy a new building?? Then you can save even more taxes than the buyer of an old building.
What is new construction, what is old building? In terms of tax law, living space for personal use is then classified as an old building, if it is not purchased at the latest in the second year following the year of completion. From the purchase price paid (acquisition cost) In this case, the tax office accepts a maximum of 150 000 Euro.
In the case of new buildings, the tax office recognizes the construction costs (manufacturing costs) up to 330 000 Euro an.
However, two conditions must be met in both cases:
• Sie müssen Anspruch auf Paragraph lOe des Einkommensteuer-
have law. He comes single once, Spouse benefit twice. A “consumption” of clause 7b, the predecessor of lOe, will be credited to you.
• Ihr „Gesamtbetrag der Einkünfte“ darf als Alleinstehender acht Jahre lang nicht höher als 120 000 Euro (as married 240 000) being. Otherwise you get for years, where you earn more, neither the basic subsidy nor the child benefit.
called basic funding: From the proven new construction costs or. you can deduct six percent for four years and five percent for four years from the old house purchase price. The tax office grants Baukindergeld – also when buying an old house – on application, if you use the basic subsidy. It is per child per year 1000 Euro – for a maximum of eight years.
If you want to renovate an old building:
Do you have for more than 150 000 bought an old building, to live in it myself? need window, doors, Roof or heating to be replaced? Then are maximum 22 500 euros tax deductible, if you do the renovation work before you move in.
In a redevelopment area or a monument?
Extra benefit from Section 10f of the Income Tax Act:
It applies to buildings, which are located in a redevelopment area or are classified as monuments. There are no income limits for the benefits. And all renovation costs are with each for ten years 10 percent deductible. precondition: You have an official certificate.
If at all possible, should you move into your owner-occupied home in the year of completion. That year applies to the purchase of an old building, in which you take possession and encumbrances according to the notarial contract. Otherwise you lose the possible tax benefits for a whole year.