Real Estate in Germany

Homeowners have to pay now

Homeowners have to pay now

Today, many people want to build a house or a home. It is important, however, that know the real estate transfer tax. Because this tax is increased significantly. Particularly striking is the increase but also in Berlin and Hamburg, for here the buyer reach deeper into their pockets.Already in 1997 the transfer tax was increased to 3.5 percent. Since her Berlin, Hamburg and Saxony-Anhalt are charged more, because this tax has now risen to 4.5 percent of the total purchase price. From this increased tax mainly affects single-family houses and condominiums. But in 2010 there came forth a new ruling. The taxation for a living is in terms of increasing the tax unconstitutional. With such a levy should the homeowner be charged as well.

However, the plaintiff was not this argument. On the contrary, for the abolition of transfer tax should be balanced and in particular young families are now affected by the increase. The decades of support has been completely unjustifiable, since one of the purchase of a property may not always be used as a kind of retirement. Even the charges in one's own property would be violated in the case. The tax burden is fairly strong, and each owner's financial circumstances would be seriously affected for this reason. Therefore, the burden of the removal has increased, however, the transaction costs as well as the brokerage fees increased. Accordingly, the first time should take place a reduction of transfer tax, so that owners are relieved.The conclusion is clear. Because the money for a property purchase should ensure that you find some money left over. For properties in Trier are still 3.5% transfer tax.

Real Estate in Germany

By: dirk schiff

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