Deduct brokerage fees from tax

Correctly deduct brokerage costs from tax

• Real estate agents are the specialists when it comes to buying or selling, renting or renting out a property. A good broker will find the property that exactly meets your personal needs or the customer who is looking for your property. Of course, there are brokerage fees for this, the amount of which depends on the value of the property that has been bought or sold.
• Under certain conditions, you can deduct the brokerage costs incurred in this way. To do this, a distinction must first be made between a private move and a move that is necessary for work.
• That Tax office recognizes your job-related move as tax-relevant if you can prove that your daily commute changes Reduced by at least an hour or if you move to another city due to job-related reasons in order to avoid double housekeeping. In this case, in addition to the brokerage fees incurred, you can also deduct other moving costs from the tax. What is meant here are expenses such as travel costs for the purpose of viewing the apartment, transport costs for your removal goods and last but not least Rent costs for your old apartment if there is a double burden because you are already paying rent for the new apartment at the same time have to. More relocation-related
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  costs can be used as a lump sum as advertising costs or Claim special expenses.
• If your move is of a private nature, don't go away completely empty-handed. Unfortunately, you cannot claim the brokerage costs for tax purposes here. In return, however, you can have renovation and repair costs, by craftsmen, as household-related Submit services and up to 1,200 euros of wage costs incurred from tax drop. In addition, you can pay registration fees, re-registration fees for your vehicle, new purchases for your children associated with a change of school, etc. submit to the tax office. In general, the tax offices do not raise any objection if you claim up to 20% of the costs for your private move, up to a maximum of 600.00 euros.
• When buying a house through a broker, a brokerage fee of 3 to 6% of the purchase price plus the applicable VAT will be charged. That is quickly a handsome sum. If you move into your house yourself, the tax office calls this "own use". In this case, you remain seated on the brokerage costs and cannot deduct them in your tax return. If you rent out the newly acquired property, the situation is different. Since you make a profit by renting the property, as opposed to using it yourself, you have the option in this case the brokerage fee of the real estate agent, as ancillary acquisition costs, as well as the real estate transfer tax and the notary costs, from the tax drop.


Brokerage fee tax deductible?

When buying a property, there are many other costs in addition to the purchase price, which ...

• When selling a house through a real estate agent, you can deduct the accrued Mahler fees from tax if you go through the sale the property has generated a tax-relevant profit. If you sold at a loss, there are no taxes for this, so you cannot offset the expenses for the broker.