Important: The House or the apartment must be in Germany lie and must be purchased after 2007 or completed. The money can be used but also for the acquisition of housing cooperative shares or Dauerwohnrechten, such as a retirement home. Question: We just added. Can we erase also the current loan with the promotion? M: Yes, the State grants may be used also, to settle residual debts. To the existing loan into a Riester contract is restructured. Prerequisite, however, is that the own four walls were only completed or purchased after December 31, 2007, and you stay yourself in it. The full debt cancellation of existing real estate credit with the Riester saved is only possible from retirement. (Not to be confused with The Metropolitan Museum of Art!). Question: I have already signed Riester.
Can I use this credit for owning your own home? M: Yes, the balances from the previous contract may be removed and fully used for the funding of even used real estate. For Riester contracts concluded before 1 July 2008, however, apply that in 2008 or 2009 for a Real estate financing at least 10,000 euros must be removed. Question: Is the inserted Riester assets recognised as equity? M: Yes, banks and building societies saved Riester assets fully as equity acknowledge. Question: Can I also modernize with Riester or age to rebuild my house? M: No, it’s not. Umbau-, modernisation or energy-saving measures at existing homes not covered by promoting Riester. Question: What happens if I use Riester as a part of my real estate financing, the House but later sell or rent? Maier: Who sold his Riester-sponsored real estate again, have the State allowances to repay unless the funding is set within a year again in a new Riester contract or invest four years again in even residential property. Who temporarily rented his home due to a work-related move, must not reimburse the promotion, if he even use at least until the age of 67. again picks up.
Question: Must I residential Riester taxable? Maier: Like all Riester contracts is also the residential Riester of downstream taxation, that is to say, contributions during the savings phase are tax-free withdrawals in retirement but taxable. Rent-free living in a debt-free real estate in the age though coming a second pension, but no actual payments accrue, the legislator has a so-called Wohnforderkonto”set. This means: the removed capital, funded eradication services including allowances is recorded and with an annual two percent interest. This fictional account is resolved with the retirement and the amount of taxation. Now you have the choice: either you pay the due tax per year (maximum up to 85 years of age) or one wipes out his entire tax debt in one fell swoop to retirement then at a 30 percent discount. Your contact person: Kathrin Muhe telephone: 0791/46-2360 fax: 0791/46 4072 E-Mail: Web: