House construction & tax declaration

Hello,

I am currently working on my income tax return for 2014.

Actually as simple as every year (employee, married), but last year (2014) I built my house. Moving in was this year (2015). The internet says repeatedly and clearly that for owner-occupied homes used 100%, no construction costs are tax-deductible, not even development costs (water, electricity, etc.) or wages.

The only thing I can think of is to include the various insurances that one has during the construction period in the income tax return.

What else could there be?

Hi,
I'm in the same situation, so I would also be very interested in tips and tricks.

Greetings, torsan

Hello everyone,

in principle, you cannot claim expenses as advertising costs or business expenses in the income tax return for a house construction for private purposes.

However, there are various exceptions that could be conceivable:

Advertising costs: You may have a profession or engage in an activity that allows for a home office which you can accordingly consider. Typical profession for this under current case law: teacher.

Special expenses: Property. There is the possibility to tax-deduct precautionary expenses. In this case, expenses for liability insurance would be considered. Precautionary expenses are, however, capped at a maximum amount which you reach with your property. together with your health insurance - at the latest plus expenses for motor vehicle liability insurance.

With a secondary activity, depending on the individual case and with the intention of generating income, considerable saving potential regarding VAT could be developed, if you have separate rooms in the house for that.

Homeowner's allowance and special depreciation are currently not possible for property. in new buildings.

A subsidy under § 35a Income Tax Act - craft services is also not possible for property. in new buildings.

Best regards

Addendum:

However, if you move closer to your workplace and thereby achieve a reduction in the distance between home and workplace of at least 30 minutes, you can declare the actual moving costs plus the flat rate for moving expenses for costs for which no receipt is available.

I have deducted the wage costs from the moving company!

If any work was carried out only after moving in (in our case, for example, silicone joints on the tiles and the windows), these can possibly be claimed as [Haushaltsnahe Dienstleistungen]. Gardening work also counts.