American- German Business

Posts 1-1 of 1

Alexander Baron von Engelhardt Group moderator
The company name is only visible to registered members.

Deductions Permitted for Sold Real Estate
When you have sold real estate and have signed the contract in front of the notary public then this is a clear scenario for your tax office. You have given up you interest in achieving income. The consequence of this loss is that you cannot deduct any expenses anymore. Well, no rule without an exception as the decision of FG Hessen (re 3 K 1524/04) shows.

Read more...
http://www.lg2g.info/modules/news/article.php?storyid=401&am...
- 23 Sep 2008, 11:14 am
Alexander Baron von Engelhardt wrote: > When you have sold real estate and have signed the contract in front > of the notary public then this is a clear scenario for your tax > office. You have given up you interest in achieving income. The > consequence of this loss is that you cannot deduct any expenses > anymore. Well, no rule without an exception as the decision of FG > Hessen (re 3 K 1524/04) shows. > > Read more... > http://www.lg2g.info/modules/news/article.php?storyid=401&location_id=5