State collects €14.1bn in real estate transfer tax
The German federal and state governments took in €14.1bn in real estate transfer tax last year, as reported by the real estate association BFW referring to information provided by the Ministry of Finance. The new record figure corresponds to an increase of 7 % compared to 2017 and nearly three times the figure of 2010. “It is a scandal that the states are trying to outdo one another in the race for the highest real estate transfer tax despite record surpluses,” says BFW president Andreas Ibel.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.