Definitely a disadvantage when buying property: The capital is cemented in concrete so to speak, and can not be so easily silvered. What to do to stay liquid
The real estate rift may offer a royal road from this liquidity trap. This form of old-age security, which is customary in the Anglo-Saxon world, also spreads hesitantly in Germany. But what exactly is to be understood?
- As a rule, a minimum age of 65 years is required for this form of old-age insurance. In this way, the investor also hedges against a time-incalculable investment.
- The property may not be burdened, or only slightly, by other liabilities. There should be no major maintenance backlog. The property must therefore be maintained and on a solid stand.
Is a real estate rift worthwhile?
A real estate renegotiation or reverse mortgages can be worthwhile to exploit the tied capital already during its lifetime. This form of retirement is, of course, dependent on further financial possibilities and family ties.
To be recommended would be a real estate pension with low other income in old age. This is a great way to supplement your pension plan and a tax-friendly alternative.
Taxes are only payable on sale
In the case of real estate rents, the payment of rent by the vendor is taxable only with the favorable income share.
An example: With 65 years, the owner sells his property and receives an additional pension amounting to 500 € per month (6.000 € / year). The income share is 18%, because at the beginning of the rent payment the former owner 65 was years old.
What does that mean?
In turn, this means that only 6.000 € will be taxed from the 1.080 €. 4.920 € are tax-free.
With the disbursement of the reverse mortgage during his lifetime tax is nothing else to consider. The payout is tax-free as it is de facto a pure loan.
But also in terms of inheritance tax can save money with the real estate pension.
The trick with the care money
Especially when no close relatives live anymore, the inheritance costs a huge inheritance tax for nieces and nephews.
However, if you sell the object during your lifetime and support your relatives already during your lifetime (for example as a payment of care allowance) you will receive the appropriate gratitude during your lifetime.
Care allowance may be tax-free
The trick here is: When paying a care allowance, this is under certain conditions and up to a certain amount tax-free.
In the case of the reverse mortgage, the loan taken reduces the inheritance tax burden on the heirs. The loan amount is deducted from the value of the property.
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