The lower house of German parliament (Bundestag) passed the draft amendment to the German Real Estate Transfer Tax Act (Grunderwerbsteuergesetz). The upper house of German parliament (Bundesrat) is expected to pass the bill soon. As a result, the German government’s bill of 23 September 2019 to tighten the real estate transfer tax rules for so-called “share deals” will now be implemented quickly after all. Our publication provides an overview of the new amendments. Please contact us to help answer any questions and for additional guidance.
