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27 January 2025 | 35 replies
Another wildcard is that the tax office opened in The UAE a year ago.
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22 January 2025 | 22 replies
So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?
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24 January 2025 | 0 replies
.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.
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22 January 2025 | 8 replies
Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.
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22 January 2025 | 10 replies
Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.
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6 February 2025 | 58 replies
@Fulati PaerhatiA 1031 exchange is a powerful strategy to defer capital gains taxes and grow your rental portfolio.
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4 February 2025 | 17 replies
and that was owner occ.. todays rates are pretty normal actually. what you can do if you want though is find a really good HML and let them place a loan for you making 10 to 12% while your wait for things to change to a situation that you feel you want to move forward be more net return than buying a rental thats for sure. of course no tax bene's but there really is not that much tax benefit on one rental.. so just some alternatives.
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23 January 2025 | 7 replies
It’s definitely smart to evaluate the tax and cost implications of your funding options.
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23 January 2025 | 7 replies
If so, there are no transfer taxes due.
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4 February 2025 | 87 replies
Who covers the tax bill when they don't pay the tax bill or the insurance?