German federal government revises property tax reform

The property tax („Grundsteuer“) in Germany must be reformed by the legislator by the end of 2019, as the Federal Constitution court had declared the current legal regulation unconstitutional. The German tax authorities currently collect around 13.3 billion euros from property tax (2016). The taxation is based on the so-called unit values („Einheitswerte“) from the […]

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Spanish Federal Supreme Court (Tribunal Supremo) orders the demolition of two apartment buildings in Benidorm – 100 million loss expected

The Spanish Supreme Court (Tribunal Supremo) in Madrid has ordered the demolition of two apartment buildings in Benidorm. Benidorm is a well-known seaside resort on Spain’s Mediterranean coast with a large number of skyscrapers housing holiday apartments and hotels. The decision of the Tribunal Supremo shows the risks to which investors and owners of illegally […]

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