Berlin Coalition Targets Share Deals to Close Tax Loophole

A new initiative seeks to limit or ban share deals that allow real estate companies to avoid property transfer taxes.

Share deals involve selling shares of companies owning properties, rather than the properties themselves, to avoid taxes.
Berlin's CDU and SPD coalition is pursuing a Bundesrat initiative to address this legal loophole.
SPD leader Raed Saleh and CDU leader Dirk Stettner advocate changing laws for fairer tax practices.
Berlin's Mayor Kai Wegner supports the proposal, emphasizing discussions within the Senate.
The property transfer tax, currently at six percent, is a crucial revenue source for Berlin.