036. Tax-Saving Tips in Brief

KPMG Germany Webpage
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The following is a list of tax-saving possibilities some of which are applicable to almost everybody.

1. Office in the home
At present, all costs attributable to such an office, including depreciation if the home is self-owned, can be deducted for an office consisting of a separate room (preferably not one though which one must pass to reach another room). The office must contain only work-related furniture and objects (e.g. no beds, private books, etc.). The tax authorities are entitled to inspect the room. The 1996 Tax Act (see our articles on this subject) places tight restrictions on deductions for home offices, however.