Growth Opportunity Act: The Interest Barrier as a Tax Nail in the Coffin for Real Estate Developments?

The situation on the real estate market is dramatic, but the draft for a Growth Opportunities Act presented by the German government not only provides little fiscal relief, it could mean the fiscal death blow for already ailing real estate project developments with a serious tightening of the so-called “interest barrier”. In this article, Hardy Fischer discusses the concerns of the real estate industry and urgently pleads for an adjustment of the current draft law.