UPDATE: Bundestag agrees to real estate acquisition tax reform on share deals

With the backing of the coalition parties, the Bundestag has voted in favour of the law amending the Real Estate Transfer Tax Act.

The legislative reform passed by the Bundestag follows the Finance Committee's recommended resolution of 14 April 2021 (see our Tax & Legal Newsflash).

The approval of the Bundesrat is still pending. No date has yet been announced for the consultation in the Bundesrat.

UPDATE (28 April 2021): The bill passed by the Bundestag is now also on the official agenda of the Bundesrat for 7 May 2021.