Hot answers tagged

25

Currently only one company builds, maintains and operates these H2 Stations. Its the H2 MOBILITY Deutschland GmbH & Co. KG which in turn are six companies (Air Liquide, Daimler, Linde, OMV, Shell and TOTAL). So its not a law and more market dynamics as it is a monopoly.


24

Since 18 September last year, the European Central Bank has paid -0.5% on overnight deposits from Eurozone banks. If the bank is charging you -0.4% interest, they’re still doing better than they would be if they weren’t lending the money out.


9

Banks do all kinds of crazy things to attract customers. Paying 4 euros seems like a very low price for customer acquisition. So really the thought is that you would get this loan from them and be their customer for life. For some people, there are a lot of better ways to earn 4 euros. The hassle of having to make a monthly payment may not be worth it. I ...


9

Curious to know why is that? Generally each region in the world has it's own regulations and specific financial products. The VTSAX is an American product. You also can't buy it in Australia or even in Canada. So to a large extent it really boils down to regulations. German (or generally EU) brokers are only allowed to offer UCITS regulated funds to their ...


8

You can do it in five minutes. Go to a casino with very high limit. Bet €16,000 on six numbers. If you win, the payout plus the remaining €4,000 is €100,000. If you lose, you bet €2,743 on a single number which gives you €100,005 if you win. If you lose again, you have €1,257 left. Bet €1,103 on two numbers which gives you €20,008 and you start again. If ...


6

Since you are asking a lot of questions at once, this answer is a non-exhaustive list of options to consider: Setup an emergency fund first. A usual recommendation runs at 3-9 x your monthly salary. Due to the german social safety net, this multipler can be lower, but as you are a foreign national(?), you might rather err on the higher side. Deal with any ...


6

It is a complicated subject. Thus, I can only give vague hints. Roughly, you are correct. But you can deduct expenses which you have for this 2nd job from the taxes, so maybe you don't have to pay taxes on the full 1000 €. Besides, depending on the exact amount of your bills, it might be that you are not obliged to do the "full Umsatzsteuer" stuff. ...


6

They may be living on borrowed money and saving very little for the future. They probably don't own the cars they drive around in, and the house has a very large mortgage. Also, they may have inherited much of the money they have. Families in Europe can be quite small, maybe one or two children. So when the parents die, their descendents may be left with ...


6

It certainly is an uncommon arrangement, but I don't think it is a scam: In Germany, he cannot open a bank account without identifying himself (Government-issued ID card or Passport), so the bank account number you have will lead to him, and the police would get him through that (and he would know that). In other words, he has little chance to run with that ...


5

I'm sorry, but 400% return in 18 month is utopic. A return of 4% is a realistic expectation for a regular investment strategy. A return of 40% would be the result of getting lucky with a very speculative investment. But 400%? Forget it. If duplicating money was that easy, everyone would do it. The only realistic way to receive such a large return of ...


5

You don't know what your neighbor earns with his freelancing - freelancers can earn very well even if they occasionally have less work. The Augenoptiker might have his own business, earning a lot more than 3000€/month. And the construction worker might also earn more than you think - I know the ones working on our house had all sorts of profitable side ...


4

They have replied via email, saying that they are working on the other tax years as well. So it seems that this is not an indicator of anything going wrong.


4

Regardless of which broker you choose, you will have access to UCITS ETFs, many of which follow international indices. However, you cannot buy funds that are domiciled outside of the EU, at least not as a private investor. The website https://justetf.com has a database of ETFs and automatically applies availability restrictions based on country, and often ...


4

You can expect to pay in the range of 50 to 200 EUR an hour, depending on the advisors skill and academic background. I doubt that it should take a financial consultant more than one or two hours to give you proper ideas on how to invest in ETFs. From my point of view, you should rather check financial blogs like Mr. Money Mustache or - if you speak German - ...


4

There are international agreements between countries to enable exchange of information via FATCA for US and CRS internationally. Both Turkey and Germany are signatories. All banks report qualifying accounts to country regulators and is available for exchange with member countries.


3

I'd go and check the fees of several banks (Preis- und Leistungsverzeichnis) since they vary substantially. I checked a few right now, and there is no indication of any such new regulation. One list contains a reminder that for foreign checks above 12.5 k€ you have some reporting duties for foreign trade statistics (but that is nothing new). I'd also go ...


3

Please see the following only as a opinion and not as tax advice. I highly recommend you to contact a German tax professional. According to Sec. 1 para 1 German Income Tax Act ("GITA") you are subject to unlimited German Income Tax, as long as you have your residence (Sec. 8 German Fiscal Code ("GFC")) or your habitual abode (Sec. 9 GFC) in Germany. As you ...


3

If you can lose 20% and still make the balloon payment then only risk the 20%. Based on your question you can set aside 1,200 a month for the next 15 months. Since 20% of 15 months is 3 months take the next three months payments and invest it in a ETF or mutual fund. The remaining 12 months keep it safe in a bank or CD. You can do this because you already ...


3

What will happen? The bank can sue you and get a court order to seize. And AFAIK, they are allowed to count any incoming money to that account towards payment of your debt as long as the account is not under special seizure protection (see below). I agree with @Aganju that the Schufa entry will be a problem - though IMHO there are worse things than someone ...


3

The tax will be paid automatically when you sell your ETF. You will get some kind of billing, where everything is written in detail. Same for dividends. It doesn't matter if you don't withdraw the money, you still made profit with stocks = you need to pay taxes. But you have a "Sparer-Pauschbetrag" of 801€ per year, which means 801€ per year are ...


3

I don't know about other jurisdictions or Germany, but in the UK the solution to this problem would typically be to set up a "discretionary trust", sometimes called a "bloodline trust" for this sort of application. Some more details can be found here https://unite-wills.co.uk/guides/bloodline-wills-and-trusts or https://www.aprilking.co....


3

In most circumstances in the UK there's no tax for either giving or receiving gifts. If you were to die within 7 years of a gift and be subject to UK inheritance tax, then there is a small possibility that previous gifts you gave would increase the tax on your estate. However as you are in Germany it's unlikely you would be subject to UK inheritance tax, and ...


2

The information that you linked to specifically states, that the agio/disagio is 0% for trades via an exchange. So, yes, this should only be relevant if you wanted to buy the shares directly from the issuer. Anyone having bought this ETF from the issuer - and thus having paid this surcharge - will have added these charges to their respective sell prices. ...


2

I've worked with Schufa for some years and found this post via search subscription I still have at google ;) Schufa does not know of any balances or transactions, neither in accounts, nor credit cards. And they only have rudimentary data about loans you have at banks or other lenders who contribute to their database, that is e.g. principal amount, number of ...


2

For Short term stocks are very dangerous and there is a possibility to have your returns in negative. For Short term only bank CDs are safer investment, as there is no chance of losing money. Why do you delay the payment of your Car loan ? Pay the debt as early as possible. Being debt-free is one of the best feelings of human life. UPDATE Car loan ...


2

First IANAL, so don´t take this as legal advice. If you want to know for sure, ask a tax advisor As an individual you normally always file your income in the year you got it. So any payments that are on your bank statement in 2019 go into the 2019 tax report. Anything after goes into the 2020 tax report.


2

Yes, under limited circumstances. Per §6b EstG you don't have to tax the profits from the sale (Veräußerung) of a business asset, if: the sold asset is land or a building or certain other assets you held the sold asset for the last 6 years you acquire an asset of the same type within 4–6 years (depends on the asset type) and possibly other conditions More ...


2

Normally, the bank has your employer data (they see the incoming salaries). They will try to work with you on a plan how to get out of the hole, but as a last resort, they lock your account until the salaries / unemployment pay have paid the open bill, or - if that won't work, or you move your income to another bank - they contact your employer / the ...


2

How is income tax residency determined ... longest stays, source of income? on citizenship? It simply depends on each nation. It's quite different for each country (indeed state where relevant). You can easily look it up in each case. Furthermore what ensures that the laws of multiple jurisdictions become consistent Absolutely nothing. You're probably ...


1

Take out an insurance policy in the amount you believe the structure adds to the property You can insure it, but your valuation and the insurance company's valuation are likely to be WAY different. You may get a small payout from your current insurance already since destroying it would likely count as property damage. What to do Get a supplemental policy ...


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