Taxation of real estate lotteries can be a gamble

Real Estate & Construction

ILO Newsletter, 29. November 2013

Following the rise in demand for real estate in recent years, owners hoping to maximise their profits have started to look for new opportunities for liquidating their property. Willing to take extra risks, they have entered unfamiliar legal territory. Two recent Higher Administrative Court decisions regarding real estate lotteries show that such an approach is not always successful. 


Dr. Martin Foerster

LL.M. (LONDON) Partner