Huge tax saving potential by owning real estate

[blistering_barnicles]

Hello Community members,

A real estate developer reached out to me and imparted some knowledge that was quite puzzling. So for German citizens, who earn a Salary of more than 100,000 euros, owning real estate for rental purposes as opposed to for own use leads to significant tax benefits to the tune of almost 75%. Breaking down the calculation we discussed, assuming 40% tax ie., 40,000, this person told me that owning a property of theirs could save me almost 30,000. Is this true ? I believe this is being done to encourage high income expats and citizens to assist the German Govt, to keep up with to the increasing demand for real estate.

Just like any business where the bottom line matters , I want to take the necessary steps to lower tax to increase my bottom line.

Any thoughts here would be really appreciated.

[Fraufruit]

Do you know why the real estate developer chose to reach out to you and how he/she knew you earn more than 100K?

[Alberto]

This week Friday came early