{"id":43899,"date":"2018-11-26T11:28:33","date_gmt":"2018-11-26T09:28:33","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/denied-tax-neutrality-of-capital-repayments-the-hidden-introduction-of-substantive-taxation\/"},"modified":"2018-11-26T11:28:33","modified_gmt":"2018-11-26T09:28:33","slug":"denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance\/","title":{"rendered":"(Denied) Tax Neutrality of Capital Repayments \u2014 The Hidden Introduction of Substantive Taxation?"},"content":{"rendered":"

Dr. Chris\u00adtoph Ludwig<\/strong> \u2014 Tax Consul\u00adtant and Part\u00adner BLL Braun Leber\u00adfin\u00adger Ludwig, Munich<\/p>\n

Thomas Unger<\/strong> \u2014 tax advi\u00adsor, audi\u00adtor and part\u00adner BLL Braun Leber\u00adfin\u00adger Ludwig, Munich, Mana\u00adging Direc\u00adtor of Private Equity Verwahr\u00adstelle GmbH<\/p>\n","protected":false},"excerpt":{"rendered":"

The taxa\u00adtion of private equity funds and the share\u00adhol\u00adders of private equity funds who are taxa\u00adble in Germany <\/strong>taxa\u00adble in Germany, has become incre\u00adasingly important in recent years.<\/strong>
\nmore and more into the focus of the finan\u00adcial admi\u00adnis\u00adtra\u00adtion. In the area of audi\u00adting <\/strong>specia\u00adli\u00adzed teams with corre\u00adspon\u00adding person\u00adnel rein\u00adforce\u00adment were estab\u00adlished, <\/strong>These teams are inten\u00adsi\u00advely trai\u00adned intern\u00adally by more expe\u00adri\u00aden\u00adced audi\u00adtors <\/strong>by expe\u00adri\u00aden\u00adced audi\u00adtors with regard to the special features of private equity structures.<\/strong><\/p>\n

In prin\u00adci\u00adple, this is also to be welco\u00admed from the point of view of the private equity indus\u00adtry and its tax advi\u00adsors, as it faci\u00adli\u00adta\u00adtes a cons\u00adtruc\u00adtive exch\u00adange on factual issues, which in most cases also leads to an appro\u00adpriate agree\u00adment on doubtful issues in the course of a tax audit. In recent years, nume\u00adrous topics have been discus\u00adsed inten\u00adsi\u00advely and objec\u00adtively, and compro\u00admi\u00adses accep\u00adta\u00adble to both sides have been found in each case, also taking into account the diffe\u00adrent struc\u00adtures of the private equity funds. As an exam\u00adple, we would like to mention the discus\u00adsions regar\u00adding the (non-) appli\u00adca\u00adtion of the buil\u00adding owner decree to private equity funds and the resul\u00adting capi\u00adta\u00adliza\u00adtion of an annual manage\u00adment fee for the acqui\u00adsi\u00adtion of port\u00adfo\u00adlio compa\u00adnies or target funds (we alre\u00adady descri\u00adbed the initial discus\u00adsions on this topic in the FYB Finan\u00adcial Year\u00adbook 2018).<\/p>\n

These approa\u00adches to solu\u00adti\u00adons found toge\u00adther with the tax autho\u00adri\u00adties are also of enorm\u00adous importance because, follo\u00adwing the agree\u00adment, they are imple\u00admen\u00adted accor\u00addin\u00adgly in the subse\u00adquent ongo\u00ading annual tax returns and these topics do not suppo\u00adsedly have to be discus\u00adsed again in the follow-up audits and deter\u00admi\u00adna\u00adti\u00adons and calcu\u00adla\u00adti\u00adons made do not have to be adjusted.<\/p>\n","protected":false},"featured_media":18969,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2454,2457,2464],"product_tag":[1398,1469,1481,1484,1619,1621,1623,1626,1627,1628,1631],"class_list":{"0":"post-43899","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-dr-christoph-ludwig","8":"product_cat-fyb-2019","9":"product_cat-thomas-unger-en","10":"product_tag-private-equity-funds","11":"product_tag-thomas-unger-en","12":"product_tag-audit","13":"product_tag-dr-christoph-ludwig-en","14":"product_tag-taxation","15":"product_tag-financial-management","16":"product_tag-private-equity-structures","17":"product_tag-building-owner-decree","18":"product_tag-annual-management-fee","19":"product_tag-bll-brown-liver-finger-ludwig","20":"product_tag-private-equity-depository-ltd","21":"pa_ausgabe-deutsch-en","22":"pa_ausgabe-englisch-en","24":"first","25":"outofstock","26":"taxable","27":"shipping-taxable","28":"purchasable","29":"product-type-variable"},"yoast_head":"\n(Denied) Tax Neutrality of Capital Repayments - The Hidden Introduction of Substantive Taxation? - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(Denied) Tax Neutrality of Capital Repayments - The Hidden Introduction of Substantive Taxation? - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The taxation of private equity funds and the shareholders of private equity funds who are taxable in Germany taxable in Germany, has become increasingly important in recent years. more and more into the focus of the financial administration. 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As an example, we would like to mention the discussions regarding the (non-) application of the building owner decree to private equity funds and the resulting capitalization of an annual management fee for the acquisition of portfolio companies or target funds (we already described the initial discussions on this topic in the FYB Financial Yearbook 2018). These approaches to solutions found together with the tax authorities are also of enormous importance because, following the agreement, they are implemented accordingly in the subsequent ongoing annual tax returns and these topics do not supposedly have to be discussed again in the follow-up audits and determinations and calculations made do not have to be adjusted.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Ludwig.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/denied-tax-neutrality-of-capital-return-payments-the-hidden-introduction-of-taxation-of-substance\/\",\"name\":\"(Denied) Tax Neutrality of Capital Repayments - The Hidden Introduction of Substantive Taxation? 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