Condominium in Munich (MUC-00001)
Condominium in a WEG - Tax savings € 1.226,31 per year
Properties of the apartment
- Year of construction 1971
- 2 rooms
- 45,5 sqm
Fiscal key data
- Acquisition costs € 303,013.45 (incl. depreciable incidental purchase costs (KNK) such as land transfer tax, brokerage fee, notary and land registry costs, etc.)
- Land portion € 119,066.61 (not depreciable)
- Building portion € 183,946.84 (depreciable costs incl. KNK)
- Purchase 2021
- standard depreciation of 50 years → thus actually depreciation until 2071
- According to expert opinion remaining useful life → 30 years (reduced depreciation until 2051)
- Depreciation
- before the expert opinion → € 3,678.94 (€ 183,946.84 / 50 years depreciation)
- after expert opinion → € 6,131.56 (€ 183,946.84 / 30 years depreciation)
- Tax savings: € 1,226.31 per year (at ~50% tax rate for simplified calculation).
- (New depreciation minus old depreciation) / 2 → (€ 6,131.56 minus € 3,678.94) / 2
Condominium in Munich (MUC-00004)
Condominium in a WEG - Tax savings € 930,89 per year
Properties of the apartment
- Year of construction 1965
- 1 room
- 33,0 sqm
- 1 TG parking space
Fiscal key data
- Acquisition costs € 196,870.62 (incl. depreciable ancillary purchase costs (KNK) such as land transfer tax, broker's fee, notary and land registry costs, etc)
- Land portion € 87,592.05 (not depreciable)
- Building portion € 109,278.57 (depreciable costs incl. KNK)
- Purchase 2019
- Standard depreciation of 50 years → thus actually depreciation until 2069
- According to expert opinion remaining useful life → 27 years (shortened depreciation until 2046)
- Depreciation
- before the expert opinion → € 2,185.57 (€ 109,278.57 / 50 years depreciation)
- after the expert opinion → € 4,047.35 (€ 109,278.57 / 27 years depreciation)
- Tax savings: € 930.89 per year (at ~50% tax rate for simplified calculation).
- (New depreciation minus old depreciation) / 2 → (€ 4,047.35 minus € 2,185.57) / 2