Finance Minister Lindner wants to relieve real estate buyers

Berlin Hamburg is the wealthiest federal state in Germany. However, the cost of living in the Hanseatic city is also high. Owning an apartment, for example, has become almost unaffordable for many Hamburg residents due to the rise in real estate prices.

Soon the costs will climb even higher: at the beginning of next year, Hamburg will increase the real estate transfer tax from 4.5 to 5.5 percent. With the additional income, the country wants to close budget gaps caused by the corona.

If the federal government has its way, the development should actually go in the opposite direction. At least that is what a plan by the Federal Ministry of Finance envisages. According to a paper sent to the federal states by Christian Lindner’s (FDP) ministry, the federal states should in future be given significantly more freedom in structuring the real estate transfer tax – and should even be able to reduce the tax rate to zero.

Lindner: More freedom for countries with real estate transfer tax

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