This article is for general information purposes only and does not constitute legal, tax, or financial advice, nor a valuation in an individual case. Despite careful research, we assume no liability for accuracy, completeness, and timeliness. For specific questions, please consult a lawyer or tax advisor. Older content may be outdated due to changes in legislation or case law.
For domestic real estate, German tax authorities and courts generally expect a valuation carried out in accordance with the regulations applicable in Germany, in particular the ImmoWertV (Ordinance on the Determination of Property Values) or the Bewertungsgesetz (Valuation Act).
For properties located abroad, on the other hand, an appraisal report prepared according to locally recognized standards is regularly accepted, provided it appears comprehensible and plausible.
In international matters, it is always advisable to coordinate at an early stage with the responsible German authority regarding which specific form of evidence is required.
Within the EU, shared professional standards, such as the European Valuation Standards, facilitate the mutual recognition of appraisal reports, even though formal differences may continue to exist.
Outside Europe, recognised valuation standards vary more significantly, which is why early consultation with the responsible German authority is particularly advisable in these cases.