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German Federal Council Approves Amendments to Real Estate Transfer Tax Act to Counter Abuse

|Approved Changes|Germany
Germany

On 7 May 2021, the German Federal Council (upper house of parliament - Bundesrat) approved the Law amending the Real Estate (Land) Transfer Tax Act, which includes measures to prevent abusive tax arrangements through so-called share deals that are meant to avoid the tax. The Law was approved by the Bundestag (lower house) on 23 April 2021.

In particular, the amendments reduce the participati…