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As a trusted tax adviser to many of the world’s leading corporations and financial institutions, we are innovative, practical and commercially aware.

In the German tax practice our lawyers and tax advisers work closely to bring about successful domestic and cross-border transactions and reorganisations. They are frequently involved in novel and high profile transactions in the corporate and financial markets.

Whatever your requirements

We provide our clients with an integrated range of global tax advisory services, whether on a stand-alone basis or as part of the full legal services offered by Allen & Overy.

Partner Dr Gottfried E. Breuninger is commonly ranked as top tier lawyer in the German tax arena.


Our Tax offering

Asset Finance

Asset Finance

We have experience in all areas of tax based asset finance, including aviation, shipping, rail and commercial property.

We advise many of the world’s leading financial institutions and corporations on domestic and crossborder transactions.

Banking & Finance

Banking & Finance

Many of the world’s leading banks and financial institutions turn to Allen & Overy for help with their most important and innovative deals. Our international Tax group has a great deal of expertise and advises on a rage of products from bilateral and syndicated loans, to leveraged acquisition and project finance

Corporate

Corporate

We advise on corporate reorganisations and restructurings as well as commercial transactions, including domestic and cross-border mergers and acquisitions, demergers, capital raising, joint ventures, tax efficient holding company and financing structures and permanent establishment issues. Our client base includes corporations involved in banking and finance, energy, insurance, manufacturing, retail, technology, media, public utility, construction, shipping, aircraft, transport, property and engineering.

Indirect tax

Indirect tax

We have indirect tax expertise, in particular value added taxes, across sectors – from the ever-changing financial sector, through asset finance and corporate, to not for profit and private client.

International Capital Markets

International Capital Markets

Allen & Overy is one of the world’s leading International Capital Markets practices and tax plays a key role in this work. Our international Tax team is involved in the full range of transactions including debt capital markets, derivatives, equity capital markets, Islamic finance, securitisations, structured finance and structured retail products.

Investment funds

Investment funds

We offer cross-border expertise on regulated funds, hedge funds, infrastructure funds, private equity funds, real estate funds and structured funds. Our work covers the structuring of new funds and reviewing fund structures for prospective investors. We also advise managers about ongoing tax issues.

Real Estate

Real Estate

Tax considerations are important in real estate transactions, particularly those that are complex and innovative. We work with our real estate colleagues, providing expert tax advice on every type of real estate transaction.

Restructurings and insolvencies

Restructurings and insolvencies

Our restructuring practice operates at the forefront of a changing market. We provide tax advice to distressed companies, insolvency practitioners, banks and funds.

Structured finance

Structured finance

Frequent changes of law make this a very innovative and challenging area and we are one of the few tax departments that are trusted by clients to advise on and implement their ideas.

Tax investigations and disputes

Tax investigations and disputes

All of our major offices have experience advising clients on tax audits and their relationship with local tax authorities, national courts or European legislative bodies. We regularly deal with domestic and cross-border disputes and investigations.

News & insights

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News: 06 SEPTEMBER 2021

Advising the founders of L.A.B. Cosmetics on the company’s sale to Oakley Capital/WindStar

Allen & Overy has advised the founders of L.A.B. Cosmetics GmbH & Co. KG (L.A.B.), a leading provider of ‘clean beauty’ products, both on the sale of the company to WindStar Medical GmbH (WindStar), a…

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Publications: 21 JULY 2021

German administrative guidelines on cum/cum and securities transactions – A challenging revision of principles

The Federal Finance Ministry (BMF) circulated revisited guidelines regarding the allocation of economic ownership in cum/cum and securities transactions on 15 July 2021. These guidelines include some…

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building with flats

Publications: 07 MAY 2021

It’s coming after all: German real estate transfer tax reform on so called “share deals” adopted today

After much back and forth, the legislature (with the approval of the German Federal Council today) decided on the real estate transfer tax reform with effect from 1 July 2021.

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Publications: 29 MARCH 2021

Need to amend existing profit-and-loss transfer agreements under revised section 302 AktG

By circular dated 24 March 2021, the German Federal Ministry of Finance granted a period at the latest until the end of 31 December 2021 for amending profit-and-loss transfer agreements concluded or…

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Recognition