Germany Clamps Down on Systematic Property Transfer Tax Avoidance

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The German expense experts are at present systematically investigating foreign organisations that own private property in Germany, for suspected evasion of Real Estate Transfer Tax (RETT) due to intra-aggregate restructuring and acquisitions.

The subsequent criminal tax procedures have started to be used against foreign conglomerates including their Directors and board members. It is worth noting that RETT might be brought against foreign group companies even by the indirect buying and selling of shares for companies possessing German property.