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News from the Taxes category, prepared for condominium owners, advisory boards and landlords.
After the federal model, Germany's Federal Fiscal Court has now also upheld the Baden-Württemberg state model. For owners with a pending objection, one detail of the ruling matters most.
You transfer the monthly service charge (Hausgeld) as one amount, but you may not deduct it as one amount. Mishandling the maintenance reserve is the most common mistake.
Household-related services and tradesmen's work reduce not your taxable income but your tax bill directly. For owners in a condominium owners' association (WEG), the deduction hinges on a single document.
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