HI there.
I have a property in Berlin which I started renting out in about 2014. The annual after expenses income is about 4000euros (meaning I have probably had an income of about 16000 euros or less after some renovation costs). Rather foolishly, I listened to somebody who told me that I only need to declare my income on my UK tax return, which I did and paid tax accordingly. However, I therefore never registered my income in Germany. I have now discovered that I should have provided tax returns in Germany. This means I need to produce at least 4 years of tax returns in Germany.
Two questions:
1) roughly how much tax am I likely to pay
2) roughly how much are they going to fine me
Naturally, I am now trying to rectify this. Is there a best way of doing this? I understand Germany has a system of tax advisers - is it best going through them? Will they be in any way gentle as this was an error made from stupidity rather than attempt to avoid paying tax?
Any help would be gratefully received, and no need to comment on my foolishness, which I am all too aware of.
Thanks in anticipation
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