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Tax & Legal

Tax & Legal

Real Estate Transfer Tax Act: changes planned to the treatment of “share deals”


The Federal Ministry of Finance is planning to introduce a bill based on the proposals made by the Finance Ministers’ Conference in November 2018 in relation to the Real Estate Transfer Act (RETT Act). It is currently envisaged that the changes, which are likely to be discussed in the Cabinet at the end of April 2019, should be included in the Finance Act 2019. Continue reading

RETT-Blocker: Indirect unification of shares through an intermediary partnership


The Supreme Tax Court has decided that where an intermediary partnership holds direct or indirect interests in a real-estate-owning company, the relevant holding for establishing its interest in the related real-estate holding company, is its interest in the capital of the partnership and not the interest in the jointly owned property according to the law of property. Continue reading