Buying Property Abroad, What to Consider

No, to my knowledge you don’t have to do or report anything. Only if you rent out: then the income is taxed only in the respective country (e.g. Turkey). In Germany, you still have to declare the income: here it is no longer taxed, but it is used to calculate your progression rate (=it could be that you pay a bit more tax because you fall into a different tax bracket. However, you do not pay any tax directly on the rental income.)

I have the impression that you want to buy apartments for some reason that the German tax authorities do not know about. At the same time, I have the impression that you have no idea about the tax system. Therefore, here is a tip to seek advice.

A few impulses:

[*]Putting black money into foreign real estate is a trick that often gets uncovered.
[*]Expenses for holiday apartments abroad can be claimed for tax purposes in Germany.
[*]Income abroad must also be declared and taxed if the main residence is in Germany.
[*]This also applies to speculative gains, such as the sale of foreign holiday apartments within 10 years.
[*]It can be tax-beneficial to depreciate a holiday apartment in Germany.
[*]If there are no double taxation agreements, one may have to pay taxes twice.
[*]Ignorance does not protect against punishment.

It is neither black money nor anything else. So before anyone here creates a false impression.
My concern is what I have to do in order to be able to do this. Through official channels. That is why I am asking what needs to be done.

I have been paying my taxes for over 20 years, and the money comes from my taxed income. No black money.

I would also like to go on vacation in my home country and therefore I would like to buy an apartment. Because it is currently affordable.

And I hope I am not asking in the wrong forum or anything like that.
For the time being, I also do not want to rent out or anything else but rather spend my annual vacation in the country instead of in a hotel.

If you buy the property in Turkey and use it yourself, you don’t have to do anything here in DE for the time being.

But if you rent it out at some point, you must declare the rental income here in DE on your tax return.
All other costs, such as ongoing taxes, you pay in Turkey.

So if you are not a Hartz 4 recipient in DE, you can buy the apartment without having to take any further steps in DE now.

That is what I wanted to know. For now, I do not want to rent it out anyway and want to use it myself.

I do not receive [Hartz4], I work and pay taxes.

Thank you very much for now.

I did not want to know more. Maybe I expressed myself a bit incorrectly, and I apologize.