Increase in property transfer tax in NRW

Red-Green increases the real estate transfer tax

The real estate transfer tax in NRW will rise to 6.5 percent. This was decided by the SPD and Green factions in the state parliament on Tuesday (28.10.2014). From January 1, 2015, the tax is to be increased from the current 5 percent. Until now, Red-Green had always denied wanting to increase the tax.

The state government and the factions repeatedly denied all rumors of wanting to raise taxes in NRW due to the budget crisis. Now they are doing so after all. Next year, the real estate transfer tax will rise from 5 to 6.5 percent. This will burden citizens who want to buy houses or condominiums.

After the faction meetings on Tuesday, representatives of SPD and the Greens justified this step with the necessity to consolidate the budget. "This step was not easy for us," says SPD faction leader Norbert Römer. "However, we consider it necessary to further consolidate the budget." The Green faction leader Reiner Priggen expects additional revenues of 400 million euros per year. The money is intended to reduce new debt.

Source: WDR® 28.10.2014

Rhenish greetings

In Saarland, it is also supposed to increase from 5.5 to 6.5 percent in January.

Then my land purchase should be completed quickly...

Time pressure is rarely a good advisor.

No worries, we applied to just one and are hoping that the allocation will be completed quickly.

In Saarland, it is also supposed to increase from 5.5 to 6.5 percent in January.

We have already signed our property at the notary. It's a pity that you get ripped off by the state everywhere (fairy tale tax, eco tax, mineral oil tax, income tax, trade tax, solidarity surcharge, ...).