Tax consultancy services for real estate companies
Real estate companies rely on us for comprehensive tax advice on all conceivable tax issues, as do property owners with one or a few properties. There are many different types of taxation to be considered, including income and corporate tax, real estate transfer tax, sales tax, trade tax, property tax and more. Especially when it comes to renting, selling and management, there are many special features to be considered. In order to keep an overview and not to lose sight of any important aspect, we offer comprehensive consulting and support for your company.
We advise you within the scope of a multidisciplinary due diligence in the areas of tax, legal and finance in connection with your acquisition project.
We also provide tax and legal support for both share and asset deals in the M&A business. Here we are at your side as tax-related legal advisors with all the necessary legal competence. In addition to time and cost savings, this also results in significant synergy effects in consulting. You have an overview at all times and rely on a consultation that keeps the whole project in view.
Please contact us and let us advise you individually.
News
22.02.: BFH ruling on purchase price allocation for real property
Since April 2014, the Federal Ministry of Finance has provided the tax administration with a working aid for apportioning the total purchase price for a developed property (purchase price apportionment). In its ruling of 21 July 2020 (Ref.: IX R 26/19), the Federal Fiscal Court has now decided that this assistance may no longer be used in disputes between the taxpayer and the tax office.
Why is the purchase price allocation relevant at all?
Anyone who acquires a property for the purpose of earning an income usually has an interest in dividing the purchase price in such a way that the building accounts for as high a proportion of the purchase price as possible and the land for as low a proportion as possible. This is because depreciation for wear and tear can be claimed on the building portion. In principle, the tax office is obliged to accept the values from the notarial purchase contract as long as there are no significant doubts (BFH, judgement of 10.10.2000, ref.: IX R 86/97). If any doubts arose, the tax office, in its constant practice, referred back to the BMF’s working aid.
