hTTi

1. Yes.
2. All of the mortgage interest.
3. Yes, since you will create a loss that will be carried forward and which will reduce your UK rental profit in a future year.
   In case of a loss that year, please enter it into the column "nicht ausgleichsfähige Verluste" in the section "Nach DBA steuerfreie negative Einkünfte i. S. d. § 2a Abs. 1 EStG" of the form Anlage AUS: https://www.steuertipps.de/finanzamt-fo ... nd-steuern

Alberto wrote: ↑Sun Jan 19, 2025 7:05 pm Isn't the depreciation only for the first 20yr?

• 33.333 years, i.e. 3% per year if the building was built in 2023 or later.
• 50 years, i.e. 2% per year for buildings built between 1925 and 2022.
• 40 years, i.e. 2.5% per year for buildings built in 1924 or earlier.

cj1 wrote: ↑Tue Jan 21, 2025 10:16 am And what if I have an investment property in Spain and I have already paid tax there at 19%
Do I still declare this on my DE tax return?

• b) Spanish tax paid under the laws of the Kingdom of Spain and in accordance with this Agreement shall be credited against the German tax on the following income or assets located in the Kingdom of Spain, subject to the provisions of German tax law on the crediting of foreign taxes:
  
  (vii) income from immovable property (including income from the disposal of such property) or the assets to the extent that such property does not effectively belong to a permanent establishment in the Kingdom of Spain.

Sam-I-Am wrote: ↑Sun Jan 26, 2025 11:55 am Similar to OP: Employed, DE tax resident. Filling in declaration for 2024 and including rent from UK.

Without UK rental income my return projection (using SteuerGo) is a tax refund of €600. When I add rental income of £9000 I am supposed to pay an additional €800 additional German tax payment due to this UK rental income.

Similar to OP the rental income is below UK tax threshold (also declared in UK). Due to DTA etc why do I also have to pay so much added tax in Germany?

1. Is this because my global income is now higher so Germany tax me more on my German income
2. Did I miss something and am declaring too much UK rental income?

Sam-I-Am wrote: ↑Sun Jan 26, 2025 11:55 am Edited: Does 'depreciation' start from when I bought the flat in which case I include paid price, lawyer fees etc or does it start from when the building was built in which case I can't use depreciated to help reduce income number)

Sam-I-Am wrote: ↑Sun Jan 26, 2025 11:55 am Background. 1 bed flat was bought in 2013 for £220,000, it's a really old flat, built very early 1900's and I have no idea what it's worth now. I already deducted yearly Ground Rent and Building Maintenance costs from the rental income amount leaving approx. £9,000 as pure income.

• loaded purchase price = 220,000 GBP + solicitor fee + stamp duty + land register fee + any other fees associated with the purchase

Sam-I-Am wrote: ↑Sun Jan 26, 2025 11:55 am Do I really have to figure out what the exchange rate was in 2013 and figure out depreciation and that stuff?

• Conversion of foreign taxes
  11Foreign taxes to be credited against German income tax pursuant to Section 34c (1) and (6) of the German Income Tax Act (EStG) or to be deducted when determining income pursuant to Section 34c (2), (3) and (6) EStG shall be converted on the basis of the euro reference rates published daily by the European Central Bank. 2For the sake of simplicity, these currencies may also be converted using the VAT conversion rates published monthly in Part I of the Federal Tax Gazette.