Commercial property guides

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Repurposing: which spaces are suitable?

A change of use refers to a situation in which property owners intend to use a building or structure differently in the future than originally stipulated in the zoning plan. This may become necessary when the owner’s needs or the requirements for the use change. One common example is the conversion of a department store into an office building. Under certain conditions, residential use may also be an option. In times when housing is scarce and large department stores are closing, the topic of change of use is therefore becoming increasingly relevant for property owners. But what does it actually involve when changing the designated use of a building? We explain which spaces are suitable for repurposing, which legal requirements apply, and how much such a measure can cost.

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Taxing rental income

The amount of tax on your rental income depends on your personal income tax rate. If you incur losses from renting or leasing, this has a positive effect on the taxation of your other income. However, for persistent losses, you may be accused of "hobby activity." In such cases, you should consult a tax advisor.

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