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Wording proposal for the avoidance of Real Estate Transfer Tax-Blocker-Structures

In line with the opinion on the Draft Annual Tax Act 2013, the Federal Council has addressed a request to check solutions for the avoidance of tax structuring models using so-called real estate transfer tax (RETT) blocker partnerships. In response thereto, the Federal Ministry of Finance has drafted a Wording Proposal, which was forwarded to the members of the Federal Parliament by September 19, 2012. It is possible that the wording will still find its way into the draft law. As a result, the abolition of such tax structures could, within the framework of the 2013 Annual Tax Act, take place during this year.

Note: This newsletter is only available in German language.