Article | Germany - Reform of the real estate transfer tax on share deals
17th March 2021
Since the end of 2018, there has been discussion on tightening the taxation on share transfers of real estate-owning companies - so-called share deals - with real estate transfer tax (RETT), as under certain conditions such transactions can be carried out with preferential tax treatment or even RETT exempt under current law. In this respect, alleged taxation leaks in case of share deals were supposed to be closed. Due to strong criticism of the previous draft legislation, the legislative process was interrupted at the end of 2019. It was not until the legislative process for the Annual Tax Act 2020 that the topic came up again at all by the end of last year.
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