According to the government's explanatory memorandum to the Growth Opportunities Act, the tax exemptions for property transfers involving partnerships will expire when the MoPeG comes into force on 1 January 2024.
On 28 May 2020, the German Federal Ministry of Finance [Bundesministerium der Finanzen – “BMF”] presented a bill by the somewhat unwieldy title “Bill on the Multilateral Convention of 24 November 2016 to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting”, the purpose of which is to ratify what is known as…
The repeated rejection of the so-called "Brexit-Deal" by the British Parliament makes a “No-Deal-Brexit” probable. The United Kingdom would then leave the European Union without any multilateral transitional agreements.
Brexit is coming – status today – within the next weeks. Competition for professionals is supposed to be accompanied by restricting the protection against termination for bankers. On 21 February 2019, the German Parliament adopted this with the "Brexit Tax Accompanying Act".
In future, in particular the classic 94/6 structures for property transactions should be critically reconsidered and adjusted, as the case may be, otherwise there might a risk that capital gains from the sale of GmbH (limited liability company) shares (share deals) are subject to taxation.
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