As you know, real estate is divided into two main types:
- Commercial real estate (or investment: hotels, yacht clubs, wineries, restaurants, shops, offices, factories, warehouses, petrol stations, shopping malls, etc.)
- Residential properties (facilities suitable for personal accommodation as well as for lease).
The taxation system in Germany has more than 40 kinds of taxes. Considering that it’s easy to be entangled in their diversity and the treatment, people generally handle their financial affairs management to experts who consult them and prepare annual income tax returns.