What is Baukindergeld and how can it help me?

(null)

Until end March 2021, you can obtain a special benefit which is called the ‘Baukindergeld’. You have the right to receive an amount of 12.000 € for each child as an outright subsidy directly to your bank account spread over 10 years following the application.

You must ensure that you fulfill the following requirements:

  1. Your new home will be the first and only home you have in Germany at the time you buy it.

  2. You have to buy or build it for your own use. It cannot be a holiday home.

  3. You have children living in your home up to an age of 18.

  4. Your total household income is not more than 90.000 € per year, if you have one child. For more children, the maximum amount will increase to 15.000 € by each additional child.

  5. You receive the monies as long as you live in the house and own it. I.e. when you sell or rent the subsidy will stop.

To be eligible you need to sign your purchase contract or obtain your building permit before 31.3.2021.

An application must be submitted in additional to your German tax return. You can find the application forms at: www.kfw.de/baukindergeld. For further reading you can follow our article here.

The benefit is 1200 € per child per year for 10 years. It is tax free !

In Bayern, you can obtain an additional 300 € per child.

MichaelMichaelMichael

How can we help?

Speak to an expert