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Real estate transfer tax increase as of 01.01.2023 in Saxony and Hamburg

In Saxony, the real estate transfer tax will rise from 3.5% to 5.5% as of Jan. 1, 2023 – a full 2% of the purchase price.
In Hamburg, too, the real estate transfer tax will rise to 5.5% on this date, albeit from the previous 4.5%. For young families, on the other hand, a reduction to 3.5% is planned for owner-occupied residential properties.

In both cases – it is worth keeping this date in mind when entering into real estate purchase agreements. As a rule, the date of the conclusion of the purchase agreement in the notary’s office is decisive.