Where is the return on the property hidden?

As a tax advisor, I stay out of my clients' asset management regarding real estate. However, for a friend, I would advise, for the sake of the children, to do nothing at first until the children can build something on the property. Land has always been long-term value-stable. The building structure itself loses value.

But you should be best able to assess which options are linked with which tax consequences. No one expects a tax advisor to do asset management (that is a specialized job).

However, I have noticed lately that tax advisors like to stay out of these matters, although they are important. (OT) Especially the area of retirement provision/Riester is often omitted.

Who else should help a landlord with offsettable tools if not a tax advisor?

This is because many people primarily dedicate their investment structure and business actions to the tax consequences and surprisingly stubbornly ignore actual losses in their wallet. They would rather let 1000 euros go down the drain than give 400 euros away to the state. At this point of the thread creator, one can briefly consult with the tax advisor after making a decision; taking decisive action would be too much.

What you are writing is, as you yourself confirm, nonsense for the wallet.

However, this is about different alternative investments, and the tax aspect (today and foreseeable in the future) plays a significant role, so it must be included in the decision. A subsequent consideration (after deciding on an option) is not appropriate. The cat is biting its own tail.

What you write is, as you yourself confirm, nonsense for the wallet.

But here it is about different alternative investments, and the tax aspect (today and foreseeable in the future) plays a not insignificant role, so it must be included in the decision. A consideration only afterwards (after deciding on an option) is not practical. The tail is biting its own head.

I do not think that I confirm myself that I am writing nonsense. Anyone who has found their suitable concept can gladly go to a tax advisor and have the tax consequences explained. Much more important than any depreciation rates are one's own ideas. Or put differently, income tax affects at most 45%, but every invested euro can be lost 100%; even tax advisors do not have a crystal ball.

I did not say that you are talking nonsense (please read), I said that it is nonsense for the wallet to prefer avoiding 400 euros in taxes rather than avoiding a 1000 euro loss (or consequently making another 1000 euros profit (before taxes). We probably agree on that.

However, your opinion is to invest numerous hours (e.g. 2 hours/day, 2 weeks = 20 hours) in a concept only to find out in a conversation with the tax advisor (effort let's say 2 hours including thinking, 200 euros) that what you intend to do is nonsense?

Sorry, but I see it differently. A tax advisor is not just a processor for the tax office and a reviewer for finished concepts, but as the name suggests a consultant, and due to the complexity of taxes not even such a cheap consultant.

But what about the return

Volker Lohmann has illustrated this quite clearly in the FAZ, in my opinion. Maybe it will help you...