Tax

Which taxes are relevant for the purchase of real estate?

Land transfer tax must be paid when buying a home. How high this is depends on the purchase price of the property. Other additional costs are also due. For example, you will have to pay the notary and the entry in the land register. For people who are thinking about buying their first property, the amounts to be paid quickly become confusing. Anyone who has already bought one or more apartments probably knows the land transfer tax for buying a condominium in their sleep.

We want to help newcomers keep track of things. That’s why we are devoting several magazine articles to this topic. In these, we go into detail about the taxes to be paid when buying an apartment. In this context, we naturally also discuss land transfer tax for condominiums. This will provide you with important information about the incidental costs of buying a home. Among other things, there is a free apartment purchase additional costs calculator. If you would like personal advice, you can contact us at any time. Our team will analyze your question and give you an individual answer.

What taxes have to be paid when selling a property?

Anyone who wants to sell their apartment in Berlin goes through a complex sales process. This can sometimes take a long time, as numerous requirements have to be met, especially in Berlin. For example, there is milieu protection, which is intended to prevent a change in the social composition of many areas. In recent years, many condominiums in Berlin have been refurbished or at least renovated. They were then sold at a profit. However, this has been accompanied by a significant increase in rents, as the majority of apartments in Berlin are rented out. The costs of renovating condominiums are supposed to be offset by the rent increase. However, this means that many people can no longer afford an apartment in the center of the German capital. Milieu protection was introduced to prevent changes to the cityscape.

Speculation tax often has to be paid when buying a home. For example, the owners want to buy a new-build project in Berlin. You can find out what other taxes have to be paid when selling a condominium in our magazine article on this topic.

Why is advice from a real estate expert so important?

Owners who want to sell their home often initially try to sell their property privately. However, they soon realize that this involves an enormous amount of effort. The presentation of an apartment has a major influence on the selling price. In addition, the property often has to be presented to several interested parties. The viewing appointments have to be prepared and organized. It is also an advantage to know the process of selling an apartment. In this way, appointments with the authorities and the notary can be made in good time. Although the estate agent costs money, you are placing the sale of your property in professional hands. You no longer have to worry about administrative tasks and can most likely achieve a very good price for your property. What’s more, the estate agent has many years of experience and can show you the best ways to deal with speculation tax.

If you have any questions about our products or would like personal advice, please do not hesitate to contact us. We will analyze your request and can then work with you to develop individual solutions.