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Old 19.03.2015, 12:47
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Re: Declaration of foreign real estate -- risk?

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Do you mean, how would you measure it in the best of ideal worlds?

Or do you mean, how does the tax office actually want you to measure it?

For the latter case, there are actually rules.
I meant the latter case. And i know it is roughly 4%. This will increase your taxband substantially if you earning over 120k.

But I still do not agree with the logic.
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Old 19.03.2015, 18:56
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Re: Declaration of foreign real estate -- risk?

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I meant the latter case. And i know it is roughly 4%. This will increase your taxband substantially if you earning over 120k.

But I still do not agree with the logic.
Well mortgage interest & repairs are tax deductible . You pay tax on investment income, the benefit of living in the house should be no different. In the USA there are high property taxes of 1-2% of the value of the property value! that's tax payable.....UK & France have property taxes too, in the 0.5%-1% (no deductions) range for an average property so not that different in reality.
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Old 21.03.2015, 12:29
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Re: Declaration of foreign real estate -- risk?

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Suppose you own a house, and rent it out to a tenant, and your tenant owns an identical house next door and rents it to you, you both have taxable income, right? Now you decide to save taxes by swapping houses - or even by not sawpping houses but agreeing that you can both live rent free. You haven't gained anything tangible and you haven't lost anything tangible, so it's injust that you should pay lower taxes over this accounting formality.

I am still not convinced but it's rather a matter to or leave the country. Well, I have no voting rights here yet.


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Not a good idea.

Actually talking to the taxman would have cost you less sweat and blood and given you more tangible and actionable feedback than starting a thread on EF. Being tired is no valid reason to fill in your tax form incorrectly.


Yes good advise. Actually they even postponed the due time for me so I don't have to hurry.
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