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Clifford Chance

Clifford Chance

Briefings

Client Briefing 'Draft bill against the avoidance of German real estate transfer tax (RETT) through RETT-blocker-structures in case of share deals signed after 2012'

9 October 2012

According to a proposal for the Annual Tax Act 2013, the rules determining a RETT-able accumulation of at least 95% of the shares in property owning companies and partnerships shall be amended. The economic accumulation of at least 95% shall be added as an additional RETT event. The background is that the legislator intends to stop the utilisation of so-called RETT-blocker-structures.

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