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I suppose then there is the whole thing about a company having to have a profit motive to be treated as a company. Otherwise it's 'Liebhaberei' and any income/c
by valzam 6y ago
I suppose then there is the whole thing about a company having to have a profit motive to be treated as a company. Otherwise it's 'Liebhaberei' and any income/cost does not have an impact on your taxes. https://www.vlh.de/wissen-service/steuer-abc/liebhaberei-was-ist-das-und-werden-dafuer-steuern-faellig.html https://www.vlh.de/wissen-service/steuer-abc/liebhaberei-was...
If you buy another house to rent out that might prevent this. But the other thing as well is who benefits from the houses? Because now your friend will own the house you like and vice versa. You probably cannot put in any provisions to ensure your friend will at some point get ownership of his house.