Since the introduction of property transfer tax, the sale of private and operational property has been recorded for income tax purposes without a limitation on time, thus leading to high tax burdens for sellers of real estate.
At first glance, the calculation of tax appears simple. But are we dealing with old or new assets? Is there a reclassification that impacts the tax situation? Does a tax exemption come into play? Do the acquisition costs need to be adapted, or can flat-rate acquisition costs be applied? How should building, hunting and fishing rights be handled? What about buildings or woodland areas – do these need to be taken into consideration? What must I take into account with properties being rented out? How should renovation costs be dealt with and what advertising costs can be deducted?
When determining the property transfer tax, these and many other questions have to be answered. This is where our property experts are standing by and ready to help. Alongside the calculation of the property transfer tax, we also offer a thorough inspection and assessment of the facts of the case. This allows you to make the best possible use of tax exemptions and the options available to you.
But what is even better than a calculation that optimises the tax situation of property sales that have already taken place is the minimisation of the tax burden thanks to early tax planning. By organising transfers of property correctly, it is often possible to save tax charges. This is why you should get in touch with your advisors at the earliest stage possible – to plan and save on tax.
A new legal form means new opportunities: a company’s legal form is a crucial factor in its overall success. While a certain legal form may have been optimum at the start of the business activity, this can change due to a growing business volume or changes in the earnings situation, to name just a couple of examples. In addition, new ownership structures or new area of activity can play a part in the originally selected legal form no longer being ideal. In these and many other cases, a reorganisation is not just meaningful, but indeed necessary.
Our experts work with you to develop and evaluate specific restructuring concepts, show you the organisational possibilities that come into question and work out the fiscal and economic pros and cons of the various reorganisation options. We assess the reorganisation contracts from a tax law perspective and collaborate with a notary or lawyer to prepare the necessary documents for commercial register courts and financial authorities. To ensure that the reorganisation takes place without a hitch, our specialists can take care of the necessary notifications to the social security institutions and tax offices, and will be by your side for any and all questions regarding the necessary changes in the accounting system.
