I hold British and German passports. If I bought a property in Germany as an investment, would I be liable to pay tax on the rental income and on the sale of the property in the future? If so, how much?
You would be liable to pay income tax on the rental income and real estate tax at a locally different percentage of the estimated value. When you sell the property you would have to pay real estate transfer tax 3.5% of the price. Additional if you sell before 10 years after you bought the property you would have to pay income tax on the gain.
Source(s):
http://www.germany.info/relaunch/busines...
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