Real property in Germany
Many Danes are interested in real property in Germany. The German real property market is currently characterised by low interest levels and rapidly increasing prices of housing in the large cities. An investor should realise that the rules concerning acquisition of real property in Germany are widely different from those of the Danish and other markets.
At Dantax, we have the skills to handle the many challenges and problems an investor may encounter, whether you are buying or selling real property in Germany. We acquaint ourselves thoroughly with your needs and can offer you the best guidance to support the overarching goal of securing a good deal.
Dantax has experience with the purchase, sale and management of real property in Germany, regardless of the type of ownership – as well as special expertise with exit strategies and exit and succession planning. Our special insight into the Danish and German market conditions in this area means that you can safely leave your project in our capable hands. We will be happy to serve as the mediator getting you – the client – in touch with the German bank, and we offer guidance on anything from taxes, VAT and duties in connection with buying and selling real property in Germany. In addition, we are happy to work alongside your Danish auditor, attorney or administrator.
In connection with the conveyance of real property, a special tax applies in Germany – the so-called Grunderwerbsteuer. This is based on the sales price, and the rate varies between the German federal states, currently amounting to 3.5 to 6.5 per cent. Since no similar taxes exist in Denmark, we pay particularly close attention to this in our guidance.
Dantax offers assistance with:
- Tax consultancy on purchase and sale of real property, companies or shares
- Accounting, annual financial statements and tax returns for both companies and investors
- Assistance with tax audits or complaints in relation to the tax authorities
- Funding and negotiation with German banks
- Consultancy on the Grunderwerbsteuer (RETT)