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Lohnsteuer kompakt FAQs

 


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Costs of raising money

This text refers to the Steuererklärung 2023. You can find the version for the Steuererklärung 2024 at:
(2024): Costs of raising money



What can I deduct as income-related expenses?

All expenses incurred in connection with the rented property can be deducted as income-related expenses. These include in particular the following costs:

  • Administrative costs
  • Costs for estate agents, service charges, advertisements or a rental service
  • Interest on a loan
  • Depreciation
  • Property tax
  • Bank charges, overdraft interest etc.
  • Insurance (liability, fire, water etc.)
  • Electricity costs for house lighting
  • Heating and hot water
  • Costs for sewage, waste disposal, chimney sweep, street cleaning
  • Caretaker costs (also property management and cleaning)
  • Trips to the property, estate agent or owners' meeting
  • Cosmetic repairs

Additional costs that you settle with your tenants can only be declared as income-related expenses in your tax return if you also enter them as income from renting and leasing.

(2023): What can I deduct as income-related expenses?


Field help

Costs of raising money

Total of all money-raising costs that you have entered so far.

For the determination of the total, the rounded up individual values are used.

Bezeichnung

Specify the type of money-raising costs involved.

Tax-deductible include in particular:

  • Notarizations
  • Lending fees
  • Closing costs
  • Financing costs
  • Notary cost of financing
  • Land registry fees for financing
  • Prepayment penalty
  • Costs of photocopies
  • Telephone costs (for bank negotiations, notary calls, etc.)
  • Travel expenses to the bank
  • Technical literature on finances
Amount

Specify the amount of the expenses.


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