Special tax on luxury properties: Left party wants to make the rich pay more

What is behind the idea

Specifically, there should be a surcharge of five percent on the land transfer tax for property purchases of four million euros or more. Alternatively or in addition, the Left Party also proposes a higher property tax for particularly expensive properties. The model is Los Angeles, where a similar tax has already been introduced. Last year, it brought in around 425 million US dollars (around 360 million euros) - a considerable amount that could flow into new housing projects.

Still many unanswered questions

It is still unclear how many properties would actually be affected by such a tax and what revenue can be expected in Germany. For buyers thinking about purchasing a high-priced property - be it in Berlin or a property in Frechen - the tax environment could therefore become even more complex in the future. This is where an experienced real estate agent can help to realistically assess the opportunities and risks.

Conclusion

The Left Party's initiative shows how great the pressure on politicians in the housing market now is. It remains to be seen whether a special tax on luxury properties will actually be introduced. What is clear, however, is that the debate about social justice in housing and the question of who should be charged more in times of housing shortages will be with us for some time to come.

Sources: Blick, Facebook