Hello All,
since today is free, I thought, I write my first own contribution here as otherwise silent reader and answer for a few tax questions. As if your investment not only the stock market, but also on your tax savings and Gestaltungen pays attention much fun with the short contribution.
Briefly in advance the annual largest change of the tax law and the associated laws is for 2022 shortly before its conclusion, at least if it goes after the government.
What are probably the most interesting changes:
- Modernization of the deduction for business or professional expenses incurred in the home
- Introduction of an income tax exemption for certain photovoltaic systems
- Expansion of the consulting authority of income tax assistance associations in connection with tax-exempt photovoltaic systems
- Zero tax rate with input tax deduction for the supply and installation of photovoltaic systems
- Increase of the straight-line depreciation rate for residential buildings to 3 percent, Sec. 7 (4) Sentence 1 No. 2 Letter c - new - EStG-E
- Deletion of the rule on the recognition of a shorter useful life for building depreciation (Sec. 7 (4) Sentence 2 EStG)
- Complete special expense deduction for pension expenses from 2023, Section 10 (3) EStG-E
- Increase in the savers' lump sum from €801 to €1,000 (from €1,602 to €2,000 in the case of joint assessment), Sec. 20 (9) EStG-E
- Increase of the education allowance from €924 to €1,200, Sec. 33a EStG -E
Modernization of the deduction of expenses for business or professional activities in the domestic home
This concerns the deferral of the home office allowance (does not expire for the time being and is presumably here to stay) and increase of the deductible maximum amount from €600 to €1,000 as of 2023. However, the amount to be deducted per day remains at €5 (Sec. 4 (5) Sentence 1 No. 6c EStG, Sec. 52 (6) Sentence 12 EStG-E).
Introduction of an income tax exemption for certain photovoltaic systems.
"72. Income and withdrawals in connection with the operation of
a) of photovoltaic systems existing on, at or in single-family houses (including outbuildings) or buildings not serving residential purposes with an installed gross capacity of up to 30 kW (peak) according to the market master data register, and
b) photovoltaic systems on, at or in other buildings predominantly used for residential purposes with an installed gross capacity of up to 15 kW (peak) per residential or commercial unit according to the market master data register,
a total of no more than 100 kW (peak) per taxpayer or co-entrepreneur. If income is generated in accordance with Section 2(1), first sentence, number 2, and if the total income generated from this activity is tax-exempt in accordance with sentence 1, no profit shall be determined. In the cases referred to in sentence 2, section 15(3)(1) shall not apply."
In simple words, it simply means that your photovoltaic system may not have to be included in your tax return in the future and you will not have to pay tax on either expenses or income with it. The condition for this is that it does not exceed 15 KW on residential buildings and 30 KW on non-residential buildings at 100% per system. Should you be a real estate Hussler and own several properties and all have of course a photovoltaic system because of the environment and so, then it is important that you do not exceed a total of 100KW at 100% capacity on all buildings together. Otherwise congratulations you still have to use a trade for each plant.
Extension of the consulting authority of Lohnsteuerhilfevereine in connection with tax-exempt photovoltaic systems
If that applies, then you have but also no luck, because in the future, the income tax assistance associations can make your tax return probably also no longer for you, despite the permission in the future the tax return for photovoltaic system owners with up to 30 KW (peak) to be able to make. (even if I would leave the voluntarily to nothing but Annex N).
Zero tax rate with input tax deduction for the supply and installation of photovoltaic systems
For you who want to buy a plant and are lucky enough to get one currently, you are probably lucky, because in the future the plants will be cheaper. In the future, the sales tax for the purchase of a photovoltaic system and storage for systems with a peak up to 30 KW.
Reason idea is the bureaucratic relief and for all private users, who currently, in order not to be disadvantaged, must make use of the waiver of the small business regulation. From this you can not change back and must appear as an entrepreneur for VAT with all the advantages and disadvantages.
Second idea was the promotion by more favorable sales, since the salesmen for your tax-free sales can draw further the input tax. This is a break with the sales tax principles.
Well if it becomes like the tank discount of Christian then probably not cheaper but more administration...but we can hope yes.
Raise the straight-line depreciation rate for residential buildings to 3 percent and eliminate the rule on using a shorter useful life for building depreciation.
Coming to something that must interest all property owners. Changing depreciation primarily for residential buildings but through the back door for all buildings.
For all those who plan to rent out an apartment or house for residential purposes first congratulations. Instead of depreciating the building over 50 years (at 2%) you can depreciate the real estate in the future over 33 years (without paying attention to special depreciation now), if this is completed after 30 June 2023.
Now the bad news for all who want to invest in real estate in general or have. In the future you can no longer apply a shorter period of use for although this may agree. Reason for this is the abolition of the paragraph for the change to 3% in the future. That is, if you now sends a surveyor through, because your business consultant has meant we can calculate down the useful life for tax purposes (whether it is valuation or Afa) you have unfortunately had bad luck.
Personally, I would like to note here that this regulation will certainly end up before the Constitutional Court in the next 15 years and will be cashed.
Complete deduction of special expenses for pension expenses from 2023 onwards
From 2023, 100% of your retirement savings can already be deducted in your income tax returns (instead of just under 90%). This rests actually only on a judgement of the constitutional court which this at the latest 2024 demanded. But Christian now stands up and announces it as a big win for the party.
We should not be angry with him, however, because we are actually all saving money here through the early application.
Increase of the saver lump sum from 801 € to 1,000 € (with joint assessment from 1,602 € to 2,000 €),
This change already knows everyone probably. To this I do not have to say anything. Maybe someone still one of the posts out the say that this increase does not even compensate for inflation and posts it in the comments.
Raising the education allowance from €924 to €1,200,
For all those who have children in training / studies, I hope that this allowance will have a positive effect.
For those who are still planning children briefly for you: The education allowance is for you in addition to other allowances or child support, if
- your children are over 18 years old
- you are entitled to child benefit
- the children no longer live at home (at least on paper)
- and of course they are in education.
I hope that has brought you a brief overview of what comes to us fiscally and you have persevered until here with the probably boring topic.
If you have any questions about the topics that I have considered important for most, but also for others of the Amendment Act, I will answer you today.
Of course, all this is not tax advice.
