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The Tokenization of Real Estate and Real Estate Companies in Light of the German Real Estate Transfer Tax Act

Original: “Die Tokenisierung von Immobilien und Immobiliengesellschaften im Lichte des deutschen Grunderwerbsteuergesetzes”

The tokenization of real estate promises to link illiquid real estate assets with highly liquid crypto tokens, thereby fundamentally transforming access to real estate investments. This article outlines how such models can be structured and focuses on the real estate transfer tax implications that trading in “real estate tokens” may entail.

in: Ubg - Die Unternehmensbesteuerung, Issue 6/2026, 316-321
Authors: Dr. Elisabeth Märker, Dr. David Hötzel
Services
  • Tax
    • Real Estate Tax Law