Immediate credit limit for loans.
Establish a general age limit for granting loans.
Maximum amounts for pensioner loans and age limits. ERP Credit Commission also decides on loan amounts that exceed this limit. is granted immediately if the creditworthiness is reasonable and the credit guidelines are adhered to. Unlike other loans, a cap loan differs in that it has a variable interest rate.
A low-value system (GWG) is mobile, susceptible to wear and can be used independently. If a GWG does not cost you more than USD 410 excluding VAT or USD 487.90 VAT, you can claim it as income-related expenses and have the right to deduct immediately from your taxable profits, whether you are an employee or a self-employed person.
From 2018 prices will increase to 800 USD net and 952 USD gross value. If you need the GWG to generate investment income, the total amount must exceed the savings allowance of 801 USD for singles or 1,602 USD for married couples so they can include it in their income tax return. The GWG is a movable, wear-resistant, independently usable asset whose acquisition or production costs do not exceed a certain amount (§ 6 Abs. 2 EStG).
The elimination of the deduction of the actual income-related expenses on the income from the fixed assets was enforced with the introduction of the lump sum and the savings lump sum. Purchases that you use almost exclusively for professional purposes can be deducted directly from your taxable profits up to an amount of USD 410 excluding VAT – up to a total of USD 487.90.
For notifications from 2017, you can wait until requested by the tax office. If your actual earnings-related expenses of the GWG exceed the savings allowance of USD 801 for individuals or USD 1,602 for married persons, you can enter the income-related expenses in a separate list. Unlike self-employed or business owners, it does not matter when you have purchased the corresponding low-value assets.
The amount can be used independently
An investment which can be used independently up to an amount of USD 800 net or USD 952 net (for acquisitions until the end of 2017 the net value of USD 410) can be written off immediately, ie in the year of production or acquisition. It is possible to create a collective item for several independently used assets and to write them off together over five years (so-called pool write-off).
This is possible if the goods cost between 250 USD and 1000 USD (“net”) (until 2017: 150 to 1000 USD). If the real estate value exceeds the limit of 250 USD net (until 2017: GWG over 150 USD), you must enter it for documentation purposes in a register, which can check the tax office.
The pool depreciation is structured in this way: They combine all GRPs with a net value between 250 USD and 1000 USD. The pool depreciation allows a higher value investment to be sold out more quickly. However, he must decide in the USD Annex whether he abuses all profit or loss immediately or consistently. You, as a self-employed person or a merchant, must immediately abort assets with maximum acquisition or production costs of USD 150 if you purchased them between January 1, 2008 and IJ 2009.
For goods with a net value between USD 150.01 and USD 1000, you can create a collective item that you settle over five years. If an asset is removed from the collection item during this period, it must not be reduced. If the cost of an asset acquired before the reporting date of the 2007 annual financial statements does not exceed $ 410 net, you may derecognize it in full in the year of its origination or acquisition.