30,000. With a loan without a Credit checker, you are personally the focus of the evaluation. brave sisters_ especially Portuguese, to take gold 5000 dollars 150. 000 loans. In 2008, they built a house and took out a loan of 150,000 dollars. Is there a headache when the loan is 150,000?

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Several Members of the European Parliament have expressed concern about the proposed limit on mortgage debt relief. One of the MPs explained his concerns using the following examples: For example 25-year-old buildings and land: estimated tax value USD 150,000; Mortgages USD 150,000, bank deposits USD 50,000. A futures trader would bring USD 50,000 and a loan of USD 150,000 into his company.

In order to be able to grant the loan, he took out a mortgage secured loan from a house bank. He now has a debt of USD 300,000 (USD 150,000 I. and USD 150,000 II. And USD 150,000. And passes this on as a loan). According to the current legal situation, this has no capital, but a bond.

According to the proposed scheme

According to the proposed scheme

It would have fixed assets of USD 150,000. In addition to the interest payments to the house bank on the credit business transferred here, it also pays tax on the company’s fixed assets. Example: 25-year-old building and land: estimated tax value USD 150,000; Charge USD 150,000. A host family would raise another mortgage of USD 100,000 to finance the little ones’ studies.

Example: Building: Estimated tax value USD 100,000; Land charge USD 600,000. In this case, these people would have to pay taxes on assets of USD 500,000. The changes due to the establishment of the company, the lending and the use of the second mortgage (2nd column); after the foundation (3rd column): Before the foundation, the estimated taxable value of the property and the land charge were the same and these two sizes balanced each other out; the taxable capital was only the bank balance.

However, since the estimated tax value of the property is only USD 150,000, a deduction of this amount is only possible. This proposal is intended to ensure that the underestimation of the property by taking on outside capital is not transferable to other assets or can be used for tax purposes.

The higher assets of USD 150,000 result from the granting of loans to the company itself, which demands this value as a liability. It should be mentioned that the planned debt limit for mortgage-backed liabilities indirectly implies a “revaluation” of the property.

The estimated tax amount is increased to the value of the mortgage debt. Before the mortgage loan was taken out (1st column); the changes due to the loan (2nd column); After taking out the loan and training financing (3rd column): Before taking out the loan, the estimated tax value of the property and the land charge were the same and these two sizes were mutually balanced; the taxable assets only formed the bank portfolio.

The mortgage debt amounts to USD 250,000

The mortgage debt amounts to USD 250,000

After the second mortgage has been taken out. However, since the estimated taxable value of the property is only USD 150,000, this is the only amount that can be deducted from the debt. Example 1 explains that the underestimation of the property is not transferable to other assets or deductible through the acquisition of outside capital.

Example 3: If these people have no other assets, there is no VAT in this case. However, the aim is to ensure that the additional amount of USD 500,000 is not used to reduce other assets. The amount of mortgage deposits in Liechtenstein cantons is derived from the banking statistics of the Federal Statistical Office.

One can answer the concrete importance of adopting the ordinance by stating that in the case of mortgage-backed claims, the real estate is actually “revalued” up to a maximum of the mortgage debt. What happens if, for example, a property only serves as security for another property, for example if the land charge is only concluded for the purchase of a work of art or for the investment of a loan secured by a land charge in your own company?

With regard to the question of what the consequences are if a land charge is taken out to refinance other transactions, reference is made to the above-mentioned cases. The proposed aid scheme should make a correction at least for the transition period so that underestimating the property cannot lead to further advantages.

A Member of the dollarspean Parliament argued that this rule does not guarantee equal treatment of outside capital; small loans were preferred to mortgage-backed liabilities. In this context, the tax return obligation must be adjusted, ie in addition to the individual mortgage debts, the estimated tax value of the encumbered property must also be stated. From a factual point of view, this provision is not to be criticized, since the target income is only calculated on the basis of the estimated tax value.