Chris29.2
2016-11-17 22:04:51
- #1
Hi everyone,
A little update for those who are interested:
We will most likely have the usufruct rights deleted and replaced by a lifelong annuity to mother and uncle, which is based on the income generated and secured by an entry in the land register.
Advantages according to the notary/tax advisor:
- The annuity can be deducted as an expense for tax purposes
Disadvantage:
The annuity must always be paid, even if rental income fails (exception: the recipient of the annuity has the claim deleted)
Anyone have an opinion/experience on this?
Best regards
Chris
A little update for those who are interested:
We will most likely have the usufruct rights deleted and replaced by a lifelong annuity to mother and uncle, which is based on the income generated and secured by an entry in the land register.
Advantages according to the notary/tax advisor:
- The annuity can be deducted as an expense for tax purposes
Disadvantage:
The annuity must always be paid, even if rental income fails (exception: the recipient of the annuity has the claim deleted)
Anyone have an opinion/experience on this?
Best regards
Chris