Real estate in tax law

Real estate is real estate that does not represent agricultural or forestry assets, nor is it an industrial property (Section 68 BewG). The basic assets are valued according to different methods. It consists of the following types of property: Undeveloped and ready-to-build properties (Sections 72 and 73 BewG; valuation with the common value); Land at the time of development, heritable building rights, apartment ownership and partial ownership as well as buildings on third-party land (special valuation regulations in accordance with §§ 91-94 BewG); Developed properties (single and two-family houses, rental residential and commercial properties, mixed-use or other developed properties). Developed plots are with the Earned value- or Real asset method (Section 76 BewG).

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