Dusseldorf All owners of land, condominiums and agricultural and forestry companies must report their data for the new property tax to the tax office by October 31st. This data is then used to calculate the new property tax, which is to be levied for the first time from January 1, 2025.
The background to the reform is a decision by the Federal Constitutional Court. In 2018, the judges declared the valuation of real estate and land unconstitutional. To date, this has been determined using a unit value, which dates back to 1964 in the west and even from 1935 in east Germany. The level of the new property tax depends, among other things, on the respective standard land value and varies from state to state.
Handelsblatt editor Laura de la Motte knows what owners need to look out for now, what data is needed and how expensive it could be.
Higher wages, tax-free one-time payment? Concerted action in the Chancellery
Chancellor Olaf Scholz had invited employers, trade unions, scientists and the Bundesbank to an inflation summit for the first time this Monday. In the so-called concerted action, the representatives should discuss measures and relief steps against inflation. Higher wages, a reduction in VAT on staple foods and an energy saving bonus should be discussed.
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After today’s kick-off meeting, however, there were still no official results. Government spokesman Steffen Hebestreit announced on Monday in Berlin that this could only be expected in the fall.
Professor Bert Rürup, Chief Economist at Handelsblatt and President of the Handelsblatt Research Institute, talks to host Sonja Schlacht about the history of the concerted action, whether the 1967 model is still valid today and whether the planned measures make sense.
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