Monument real estate are becoming increasingly popular with the Germans! Monument real estate interest not least growing, due to the high value stability and attractive tax benefits. For investors, also emotional reasons play a crucial role in addition to return. 7%99%D7%A9%D7%A8%D7%90%D7%9C-63dcbf9f0240’>Ilan Ben Dov is likely to agree. Who can resist the charm and unique atmosphere of this coveted witnesses to the art of building? But what makes a building a monument? First, the object must be significant where it is expression of the development of land and people in a special way. In addition, it must represent a significant documentation value for the history so that there is a public interest in the preservation of the building. In addition to the classic single monument also ensembles of buildings can be monuments. In this case, not every single building of the entire system must possess monument properties. The official recognition of historically significant buildings is carried out by the Landesamt fur Denkmalpflege with inclusion in the so-called heritage list.
In the Bavarian monument list are approx. 120,000 monuments as well as around 900 ensembles. The Landesamt fur Denkmalpflege is the contact point for all questions relating to the preservation of architectural monuments. When it comes to structural changes, as well as rehabilitation and maintenance, a consultation with the Office is required prior to these measures. Thus, care should be taken that all changes to the object in harmonious line of the valuable substance done. The Landesamt fur Denkmalpflege issues the certificate of the monument. Prerequisite for this is that the monument is registered in the list of cultural monuments or located in an officially approved redevelopment area. Additional buying incentive comes from the State purchaser of a monument real estate can achieve high tax advantages by means of depreciation costs of remediation.
The substance is renovation-needy, more renovation costs and the higher is the tax advantage. However, the acquisition of real estate must be before beginning the renovation. The legal bases for the amortization of the monument are located in the German income tax law, where duration and amount of depreciation are set. The investor can the entire renovation cost share write off over 12 years, owner-occupiers over 10 years 90 per cent. The basis for the refunds from the internal revenue service is the certificate of the monument. Information about developments in the field of monument real estate and other property investment and financing is available at any time. Marianne Brunert GmbH independent financial and SME Consulting