Amendment of the Real Estate Transfer Tax Act

02 October 2019

On 23 September 2019, the German Parliament (Bundestag) published the draft bill of the amendment of the Real Estate Transfer Tax (RETT) Act.

In May we had already reported about the draft bill. The current draft is mainly identical with the draft bill of May, but contains the comments by the Federal Council (Bundesrat).

The Federal Council suggests an exemption for listed companies and suggests to expand the currently very narrow exemptions for transfers within groups of companies. As the draft does not contain any wording for a group exemption we doubt whether such an amendment will be enacted together with the other amendments.

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