Buying Property Abroad, What to Consider

  • Erstellt am 2019-06-22 21:37:10

cobra1982

2019-06-23 10:00:37
  • #1
It is about Lebanon and Turkey. I would like to buy two small apartments there and use them as holiday homes. I have to pay taxes etc. in the country where the apartment is located.

If I rent it out, I have to pay taxes on it in the country where the property is, right?

But in Germany, I don't have to declare anything then, or how exactly does it work?

Or do I have to register it in Germany if I receive rent from abroad, and if I only use it as a holiday home, I don't have to do anything?
 

nordanney

2019-06-23 12:31:37
  • #2
You already got the answer from Scout and Pamiko. Yes, you have to declare the income. If you have no idea, go to a tax advisor.
 

cobra1982

2019-06-23 14:05:56
  • #3
Yes, only the income if I have any, right? But if I pay tax on the income abroad, I don’t pay any more in Germany. I just have to declare it, right.

But what if I have no income? Then I don’t have to declare anything because I will use it as a holiday apartment. Did I understand that correctly? I will go to a tax advisor. But at the moment I am abroad and just wanted to know how it works before I buy something. Whether I have to inform Germany etc. That I have a holiday apartment and so on.

Unfortunately, I can’t find any website on Google that explains it. Maybe you have a good site regarding this.
 

Niloa

2019-06-23 14:08:45
  • #4
Google something like real estate purchase abroad tax
 

HilfeHilfe

2019-06-23 15:14:10
  • #5
Go see a tax advisor. Once an explanation is given, you do it yourself.
 

cobra1982

2019-06-23 18:46:09
  • #6
I will do the tax declaration when I am in Germany. I just want to know now if I buy [it] now and use it as a holiday apartment, do I have to report anything to Germany. I will inform myself later about renting and so on. My only concern is that I want to buy now and initially keep it empty as a holiday apartment. Do I have to do anything in Germany? Since I will use it as a holiday apartment in the first years.
 

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