The discussions on the expansion of German Real Estate Transfer Tax (RETT) continue and the current proposal is that RETT will apply where 90% of the shares in a property rich company are transferred over a 10 year period (down from 95% and 5 years respectively).
In addition, the tax will be borne by the company itself. This change in particular is predicted to have a substantial impact on the real estate industry. For more detail see here.
