Real Property Transfer Tax
Transfers of real property are taxable. The vendee and the vendor are common debtors of the tax. In general the vendee has to pay the tax. The tax rate is defined by the individual States. In general the tax rate is 3.5%. Berlin and Hamburg use a tax rate of 4.5%. In NRW this tax is 5% as of Nov. 2011.
Read more about this topic: Taxation In Germany
Famous quotes containing the words real, property, transfer and/or tax:
“I have frequently gained my first real insight into the character of parents by studying their children.”
—Sir Arthur Conan Doyle (1859–1930)
“A few days later the younger son gathered all he had and traveled to a distant country, and there he squandered his property in dissolute living.”
—Bible: New Testament, Luke 15:13.
“No sociologist ... should think himself too good, even in his old age, to make tens of thousands of quite trivial computations in his head and perhaps for months at a time. One cannot with impunity try to transfer this task entirely to mechanical assistants if one wishes to figure something, even though the final result is often small indeed.”
—Max Weber (1864–1920)
“But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, ‘God, be merciful to me, a sinner!’”
—Bible: New Testament, Luke 18:13.