Tax Example: Rent
April 05, 2016
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 The 20% maintenance allowance is levied on the net rental income (annual rental income less ground rents, if any). In these cases, tehre is an assumption that no ground rents are payable from these properties.
4 Rental income earned by nonresident individuals is generally taxed at progressive rates.