New land tax law passed in Germany – what are the consequences for real estate owners?
The new real estate law in Germany comes into force on January 1, 2025
In accordance with the new law, the German land tax will be calculated according to a new model designed by the Federal Ministry of Finance with the aim of assessing the value of real estate under taxation. The model consists of three stages.
The first step is to assess the value of land and property, as well as the potential rental income – the higher the rental potential, the greater the tax. The second step will be to update the data on which the calculations are based.