While others hand over up to 50% to the tax office, my clients write off up to 100% of renovation costs via §7i EStG, and lock in premium tangible assets in prime German city-center locations.
Up to 100% depreciation on renovation costs over 12 years
Inflation-proof tangible assets instead of paper money
Personal 1-on-1 guidance, from concept to notary signing
With every raise, the top tax rate hits harder. 42–45% income tax plus solidarity surcharge plus church tax: What's actually left in net to build wealth?
02
Your tax advisor manages, but doesn't shape.
Bookkeeping, payroll, annual statements. But when it comes to proactive tax planning via §7i, §10f or KfW heritage programs, things suddenly get vague. You need a specialist, not a generalist.
03
Inflation erodes your liquidity, daily.
Cash in the bank loses real purchasing power. Stocks are volatile. What you need are real tangible assets in sought-after locations, that halve your tax burden as a side effect and deliver stable returns over decades.
The Lever · §7i EStG
Why Heritage Depreciation is the strongest legal tax lever in Germany.
A standard apartment depreciates linearly over 33 to 50 years, depending on build year. With a heritage property, §7i EStG additionally applies to renovation costs: 100% depreciation in just 12 years, in parallel with regular building depreciation.
The result: a tangible asset in a prime location, financed with money that would otherwise have flowed to the tax office.
Addition since October 2023: For new residential buildings, a declining-balance depreciation of 5% p.a. in the early years is alternatively possible. Applies only to the building, not to renovation costs.
Standard · Existing
Heritage · §7i EStG
Depreciation on Renovation
2,0 %
linear, über 50 years
Depreciation on Renovation
9 %
Years 1–8 per §7i
Full Depreciation
50 years
Plus 7% in Years 9–12
100% in 12 years
Tax Effect
spread & flat
Tax Effect
concentrated & high
Calculation Example
€1,000,000 Purchase Price · 70% Renovation Share
For a heritage property with €700,000 in renovation costs, you depreciate €63,000 p.a. in the first 8 years per §7i, plus an additional €49,000 p.a. in years 9–12.
At a personal tax rate of 42%, that equals an annual tax saving of around €26,000 in the first 8 years. Money that would otherwise have flowed to the tax office.
Cumulative over 12 years: ~€294,000 in tax savings
The MisterDenkmal Report 2026
The knowledge others need three consultations for.
17 pages, concise and clear. How §7i and §7b EStG work, what really distinguishes an investment property, which risks you need to know, and a calculation example with real cash flow.
Tax-optimized real estate as a wealth lever
§7i and §7b EStG explained simply
Calculation example with cash flow and tax savings
The four pillars of every tax investment
Comparison: ETF, Existing, Heritage, QNG
Location and property selection
Nine criteria for selection
Opportunities, risks, and the path
Request the report by email, free
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17 pages · PDF5 min readFree
Services
From tax concept to keys, everything from one source.
Heritage Properties
Hand-picked properties in prime German A- and B-locations, from historic Gründerzeit buildings to industrial heritage.
§7i & §10f Strategie
Tailored concepts for investors (§7i) and owner-occupiers (§10f), matching your tax situation.
KfW Heritage Funding
Optimal combination of depreciation and KfW programs, for maximum equity return from day one.
Financing
Access to specialist banking partners who correctly account for heritage depreciation in affordability calculations.
Wealth Building
Strategic portfolio planning across multiple properties and generations, with a clear asset protection concept.
Due Diligence
Every property goes through our 47-point review, from build quality to location analysis.
Personal Guidance
Direct contact with me and my team, from initial analysis to notary signing and beyond.
Exclusive Network
Tax advisors, architects, renovation partners and developers, all specialized in heritage real estate.
"Manfred showed me how to save nearly €38,000 in tax annually via §7i, without changing jobs or taking on risks I can't bear."
DK
Dr. K. (Anonymisiert)
Chefarzt · Klinikum Süddeutschland
"What convinced me: Manfred doesn't sell glossy brochures. He explains tax law so clearly that I could ultimately decide for myself, informed and without pressure."
SW
RA Stefan W.
Partner · Wirtschaftskanzlei München
"I've known Manfred for three years now. Three properties, three projects executed cleanly. And a tax portfolio that is finally managed strategically."
AB
A. Bergmann
Vorstand · Mittelstand AG
How we work
Four phases, from first conversation to the keys.
Phase 01
01
Tax & Wealth Analysis
In a 60-minute first conversation, I assess your income and tax situation. We analyze your current tax burden, your wealth-building goals, and which §7i or §10f setup makes sense for you, or whether heritage is even the right path.
Duration
~ 60 Minuten
Phase 02
02
Konzept & Objektmatching
I build you an individual tax concept with a concrete 12-year liquidity calculation. In parallel, I present 2–4 matching properties from our portfolio, including full due diligence documents, renovation specs, and rental forecasts.
Duration
1–2 Wochen
Phase 03
03
Finanzierung & Notartermin
Through our banking network, we structure optimal financing, including KfW heritage programs where applicable. The notary appointment takes place on-site or digitally as you prefer. You receive all documents at least 14 days in advance.
Duration
4–8 Wochen
Phase 04
04
Guidance Through Renovation
I don't disappear after the notary signing. You get regular construction updates, I handle defect claims if needed, coordinate the final handover, and remain available for follow-up projects. Many of my clients return for property 2, 3 and 4.
Begleitung
12–24 Monate
Manfred Braun
Founder · MisterDenkmal
About me
In the market since 2006. One mission.
Since 2006 I have been a partner to my clients in tax-optimized real estate. As a practitioner. As an investor in the same properties I recommend. And as someone who openly shares this knowledge under the MisterDenkmal brand.
What sets me apart from classic brokers: I don't sell properties, I develop tax strategies. The property is the tool, not the goal.
Founder · MisterDenkmal
Tax-optimized real estate · Hausham
Over 20 years in the market
Specialized in §7i / §7b EStG
100+ Projekte
Begleitet von Konzept bis Übergabe
Eigeninvestor
Skin in the game, kein Verkäufer
FAQ
Before you ask.
The questions 90% of my clients ask me in the first conversation, already answered.
Heritage investment typically makes sense from a taxable income of approximately €80,000 annually (single) or €160,000 (married). The higher your top tax rate, the stronger the leverage of the increased depreciation. In the first conversation we calculate this individually for you.
§7i applies to rented-out heritage properties. You write off renovation costs as income-related expenses. §10f applies to owner-occupied heritage properties. You deduct renovation costs as special expenses. Both provide 9% per year (years 1–8) and 7% per year (years 9–10 for §10f, years 9–12 for §7i).
The first conversation and the individual tax concept are free for my clients. My fee, in case of a property purchase, is paid by the developer, you pay no extra cent. This transparency matters to me.
Our focus is on Saxon A- and B-locations: Dresden, Leipzig, Meissen, Freiberg. Alongside that, we handle selected projects in Brandenburg and Thuringia. We concentrate on markets we know deeply rather than being thinly spread everywhere.
A tax advisor manages your taxes retrospectively. I shape them prospectively, through tangible assets. We work closely with your tax advisor (or refer you to a specialist), and you get both worlds combined: strategy + management.
From first conversation to notary signing, 6–10 weeks is realistic, assuming a suitable property is available and your financing is confirmed promptly. In some cases it's been 4 weeks, in more complex cases 3 months is normal.
Your next step
Find out in 2 minutes how much tax you could save.
Answer 7 short questions, and we'll send you an initial estimate of your personal §7i leverage. Free, non-binding, confidential.
The actual property brokerage is not carried out by the operator of this website, but by his cooperation partners with corresponding licensing under § 34c GewO. The operator acts solely as advisor and tipster.
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