Vonovia wants to save one billion euros in taxes on the purchase of Deutsche Wohnen

by time news

Berlin – At first there was only speculation about it, now it is clear: Vonovia does not want to pay the real estate transfer tax when taking over Deutsche Wohnen. This emerges from Vonovia’s takeover offer for Deutsche Wohnen shares that has now been published.

It says that Vonovia wants to acquire less than 90 percent of the shares. Associated with the note that according to the legal situation applicable from July 1, 2021, the acquisition of 90 percent of the shares in a property-holding company or the acquisition of a higher share in such a company will trigger real estate transfer tax. “Such a merger of 90 percent or more of the shares in the target company at the bidder cannot, however,” says the offer to the shareholders.

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