Wait with the building application because of the child construction allowance

2018-06-27 23:19:38

Strange Denis, with us prefabricated houses were usually more expensive than the local general contractor who builds solidly

Strange, prefabricated houses delivered nationwide also cost the same nationwide, while the construction prices of regional craftsmen are determined by the regional wage level? Very strange! Oh well, a Bavarian earns in one hour what a Saarlander has to work two hours for. Strange. Very strange! It is definitely recommended to plan with a prefabricated house in such high-price regions, those things are great too. Nowadays there is nothing to complain about. Solid construction always works, you can't go wrong with that... but in some regions the prices have simply run away.

2018-06-27 23:23:04

So, I did some more research. At the corporate level, corporate tax and solidarity surcharge apply, but not trade tax. At the owner's level of the company, 60% of the personal tax rate applies under the partial-income procedure. Assuming this rate is 42% + solidarity surcharge, or we should anyway consider the marginal situation, then from 100 EUR profit of the rental GmbH, 61.80 EUR net remains, correct? Without an intermediate rental GmbH, 42% + solidarity surcharge apply to the entire profit, so only 55.69 EUR remains.

Just out of curiosity. My last rental agreement in a not insignificant building (I estimate about 800-1,000 sqm living space) was with a private person back then, why actually, if the rental GmbH is cheaper? We can of course assume that the person renting out 900 sqm of living space in a good location probably paid the top tax rate.

Can we clarify this briefly? I want to buy a multi-family house myself in 5-10 years and use it as a capital investment. I always thought GmbH isn’t worthwhile. But it is worthwhile, right? Of course, I would prefer if the liability issue also remains with the GmbH. So for example, contribute 20% equity, finance the rest through the GmbH and without a personal guarantee. Is that possible?

2018-06-27 23:39:21

Back to the professional topic:

Despite intensive searching, I can't find any information on how things will proceed now.
It is supposed to be passed as a law next week.
Have you found any more information?

The position paper states that the building permit enables the application.
Are there already details on the funding, whether the construction contract can be signed with 1 child if there are 2 children at the time of the building permit.

Specifically:
We are expecting another child in September. The construction contract has not yet been signed.
Only with the additional child do we remain within the income band. We need the building permit in 2018, so that 2016 and 2017 have to be submitted, since the limit will be exceeded anyway in 2018.

For our understanding:
It only makes sense for us that, for example, when a 2nd child is born in 2018, the 105 kEUR equity limit for 2016 and 2017 applies and not the 90 kEUR.

Do you understand it the same way?

Did you consider that the 90k and 105k are taxable income?

With 90k you are allowed about 115k gross household income (1 child)
With 105k you are allowed about 137k (2 children).

2018-06-28 05:36:34

Have you considered that the 90k and 105k are taxable income?

With 90k you are allowed about 115k gross household income (1 child)
With 105k you are allowed about 137k (2 children)..

Yes, I am aware of that, see income tax assessments.

2018-06-28 07:00:16

These details are afaik not yet known (also interesting for us, No. 2 is coming in October. However, the offer is of course not valid that long). Until now, it always sounded as if the work contract didn't matter at all and only the date of the building permit was decisive.

2018-06-28 07:20:41

I also don’t understand how the KfW obtains such information as first acquisition

Wait with the building application because of the child construction allowance

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