Law and Taxes in Project Development
Component code / course code: BI-30.2
Semester: winter / summer
ECTS credits: 5
Lecture hours per week (SWS): 4
Lecturer: Prof. Kollmann
Language: German / English
Prerequisites:
A sound knowledge of accounting and taxation as well as basic knowledge of corporate and civil law is required. Module 07 "Accounting" and Module 12 "Fundamentals of Business Taxation" as well as Module 05 "Fundamentals of Civil Law", Module 10 " Corporate and Company Law ", Module BI-22 "Real Estate Law" and Module BI-23 "Construction Law" should therefore have been successfully completed.
Qualification objectives:
In the legal part of the course, the aim is to present and deal with the legal problem areas that arise in the context of project development, taking into account their chronological sequence. In the tax part, the influence of taxation on decision-making situations, in particular on the acquisition, management, realisation and sale of real estate investments, is to be presented and understood.
Course contents:
- Clarification of the framework conditions under public law for obtaining a building / planning right.
- Creation of the building code and its enforcement.
- Civil law implementation of the preserved building right by means of necessary land, lease, community and /or
agency agreements - Forms of project financing as developer, investor, leasing model
- Dealing with the contracts required for the execution of construction work, the basics of tendering law together with
the forms of contractor deployment, the legal structure of planners' contracts and contracts of contractors. - Acquisition and production costs for tax purposes as well as near-acquisition production costs
- Construction withholding tax
- Income from the letting and disposal of real estate with special attention to the treatment of partnerships
- Commercial property trading
- VAT implications for real estate
- Land transfer tax
- Property tax
Teaching format (e.g. online/in person lecture/Seminar/Lab etc.): Introductory lecture and consolidation through literature study; case study
Examination type: written exam
