Help, My House Is Monument

Help, My House Is Monument

Who has a grade II listed house or new purchases and want to modernize, must know the requirements. Therefore the contact to the monument protection authority is recommended prior to purchase. No one can escape the feel charm of a restored Memorial. The State awarded the modernizers of Monument protected building with tax breaks. Application: renovations are needed around the House to be able to receive and use sense, you may claim tax costs.

Prerequisite: Must the expenses by the competent authority certifies, and the measures prior to the renovation be matched (see expert advice on the right). The application documents that you submit with lower monument protection authority from city or County must emerge clearly, how you want to implement the measures. Ensemble protection: Not always the whole House as a single monument stands under monument protection, but facade and roof as part of an ensemble of buildings. Then you may claim only the costs, that the outer appearance of your House but not relate to, interior like new home automation, floor coverings. Example: Client (married, taxable income 60 000) grade II listed building (BJ. 1900) buys it is a residence.

Purchase price is 200 000 without land. The modernization will cost 100 000. Let all work before the start of the construction approve tax bonus: concerns the authorisations to make owner-occupiers 10 years each, 9% of restoration costs claimed. Investors may write off over 12 years distributed 100% of the costs: 9% each in the first 8 years, 7% each in other 4Jahren. In the example, the taxable income on 46000 or 51000 decreases. Instead of 12-253 the investors have the Treasury to pay only 7784 on 9326 self user. Depreciate the cost: even investors participate in the cost of the Treasury: write 40Jahre 2.5 percent off (built in 1924) or 50 years 2 percent (built in 1925). You may claim only the pro rata cost of the building, not them for the plot. Houses with low cost and high renovation costs are particularly lucrative by monument depreciation. Cost of renovation you claim tax funding pots: there are grants for example by the Memorial offices, the German Foundation for monument protection and regional foundations. Ask the monument authority for funding opportunities for your home, such as urban development or village renewal programmes. Only monument typical work, such as facade renovation or restoration of stucco and truss will be encouraged. Up to half of the overhead can usually be funded. Professional Tips: How do I turn the Monument Office? Prof. Gerd Weiss, Chairman of the Association of land preservationist:, necessarily before start of construction should be approve all renovations planned at the monument of the lower monument protection authority. Critical points: This includes all measures which affect the appearance, the sensitive components and the substance of the House: Demolition and cultivation, plaster and repainting, window replacement and roof covering. You must coordinate with the monument authority also static procedures such as attic conversions and timber-frame repair. Time: Schedule an appointment as early as possible so that your plans with the ideas of architectural preservation in planning and execution are merged. Documents: Attach all documents required for assessing the application for the construction such as building description, map, photographs and description of the measure. You restore to the greater extent, cooperation is recommended with a vintage experienced architects.”

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