Property transfer tax in Germany.
Like trade tax, real estate tax in Germany is not calculated with the buyers personal circumstances in mind, it is impersonal. The only taxable object is the real estate in question, for example a building, land, apartment etc or all of the above.
Real Estate Transfer Tax (Germany)
All property sold by Sneddon & Lock is subject to Real Estate Transfer Tax by the German authorities. Whether you purchase property on auction or by fixed price direct sale the sale will incur these charges as part of the deal.
We only discuss Real Estate Transfer Tax on this page, not real estate tax month by month/annum (Known in the UK as Council Tax, known in Germany as Kommunalsteuer "Municipal Tax")
Property transfer tax rates in Germany are as follows:
3.5% - Bavaria, Saxony
4.5% - Hamburg
5.0% - Baden-Württemberg, Bremen, Mecklenburg-Vorpommern, Niedersachsen, Rheinland-Pfalz, Saxony-Anhalt
6.0% - Berlin, Hessen
6.5% - Brandenburg, North Rhine-Westphalia, Saarland, Schleswig-Holstein, Thuringia
Most of our properties are situated around Saxony and Thuringia, Saxony being the cheapest in terms of Real Estate Transfer Tax and Thuringia being the most expensive.
Use the percentage calculator below to give you an idea of the Real Estate Transfer Tax for your German Property purchase: