Long Awaited German RETT Rules For Share Deals To Come On 1 July 2021
By EsqSocial Corporation 19/04/21
After a long-lasting discussion regarding the real estate transfer tax (“RETT”) rules for share deals, it seems that the end of that discussion is near — at least for the moment. On 16 April 2021 the finance committee of the Federal Parliament published the agreed changes to the RETT-Act which are essentially the same as the draft law published by the German ministry of finance back in 2019. From 1 July 2021 onwards, a 10-year holding period will apply to real estate-owning corporations or...
By: Goodwin