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The solution is easy: Create a small company to own the property. That company can be sold much more easily than the property itself. It also avoids the tax on
by almostnormal 2y ago
The solution is easy: Create a small company to own the property. That company can be sold much more easily than the property itself. It also avoids the tax on propery purchase.
- robocat 2y agoCompanies have other issues like VAT/GST and reporting. I had a friend use a company in New Zealand and it cost him multiple % of property price due to an issue he didn't forsee. New Zealand doesn't have notiaries or special insurance but you do need to use a lawyer to transfer ownership and I think it costs about NZD1500 each for vendor and buyer.
- pintxo 2y agoYes, for Germany you can expect at least around 5k/a in costs for accounting, audits etc.
- pintxo 2y agoThe property tax thing is actually not true. Not if the company only exists to hold properties. The tax office is not that stupid.