Owners' associations

Auditing and advising owner associations

The challenges for owner associations are the ongoing management of the economy, including the collection of correct membership fees, and the incurring of expenses in accordance with adopted budgets and internal regulations.   

As an association, there are many challenges that need to be addressed, including: 

  • Ongoing monitoring of liquidity as well as changes in accounting conditions. 
  • Management of major maintenance and conversion tasks. 
  • Optimization of expenses, including obtaining alternative offers for the maintenance of maintenance expenses, subscriptions, etc. 

Accountant with solid experience and knowledge of Owners' Associations

In connection with the audit of owner associations, we can offer our assistance and advice in a wide range of areas, including:

  • Preparation of operating budgets
  • Advice in connection with financing major maintenance and conversion projects
  • Advice in improving internal controls and business procedures in the association
  • Advice on ongoing financial management
  • Administrative services - including check of payments from tenants and assistance with preparation of consumption accounts for electricity, heating and water
  • Reports to the Landowners' Investment Fund
  • The rules for tax-free remuneration of board members. 
  • The rules for the treatment of income from non-members.

Quick Overview of Danish Real Estate

15 March 2021
An overview on real estate tax levies in Denmark, offering an insight in where to invest in the specific market.

Selling and Transferring Danish Real Estate

15 March 2021
DIRECT SALE OF REAL ESTATE Resident individual Capital gains Gains derived from real estate is subject to individual income tax. Depending on tax scheme and total income, the income derived from real estate are taxed fat a tax rate of approximately 40% and up to 56,5%.

Holding Danish Real Estate

15 March 2021
DIRECT HOLDING OF REAL ESTATE This paragraph discus the most important tax implications of the direct holding of real estate. First of all is discussed the impact for resident individuals and non-resident individuals. Thereafter is discussed the impact for resident companies and non-resident companies.

Acquiring Danish Real Estate

15 March 2021
DIRECT PURCHASE OF REAL ESTATE This paragraph discus the most important tax implications of the direct purchase of real estate. First of all is discussed the impact for resident individuals and non-resident individuals. Thereafter is discussed the impact for resident companies and non-resident companies.