In the sale of so-called scrap-adoption homes are liable to tax, depreciation and amortization are also in depreciation be recognized
Owners of so-called scrap-homes who have negotiated with the financing bank debt relief must pay taxes on the adoption amount in the property sale of cheap objects even if the adoption of agreed time with the bank prior to the year of sale and effectively was. This was decided the Hessian court.
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The local dispute the plaintiff in 1997 had bought a condo for 100,000, - €. For the full purchase price he had financed by loan. The seller should renovate the apartment even before the handover, which was not, as the seller was insolvent. Due to the continued existing deficiencies, the applicant could not rent the apartment and not pay the loan installments. So he closed with the Bank financed in 2002 a reversal of arrangement whereby the Bank to the plaintiff an amount of 50.000, - € adopted and financed condominium could recover their money. In 2004, the plaintiff sold the condo for 6.000, - €, which were to be transferred to the bank. Tax is where debt cancellation as properties for sale are profitable.
