{"id":1764,"date":"2018-05-21T10:33:19","date_gmt":"2018-05-21T08:33:19","guid":{"rendered":"https:\/\/www.moore-bdr.sk\/?p=1764"},"modified":"2021-08-11T13:25:56","modified_gmt":"2021-08-11T11:25:56","slug":"investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky","status":"publish","type":"post","link":"https:\/\/www.moore-bdr.sk\/en\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/","title":{"rendered":"Investment in real estate assets in Austria and their tax consequences"},"content":{"rendered":"<p><\/p>\n<p style=\"text-align: justify;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1765\" src=\"https:\/\/www.moore-bdr.sk\/wp-content\/uploads\/2018\/05\/houses-300x195.jpg\" alt=\"\" width=\"300\" height=\"195\" srcset=\"https:\/\/www.moore-bdr.sk\/wp-content\/uploads\/2018\/05\/houses-300x195.jpg 300w, https:\/\/www.moore-bdr.sk\/wp-content\/uploads\/2018\/05\/houses-768x499.jpg 768w, https:\/\/www.moore-bdr.sk\/wp-content\/uploads\/2018\/05\/houses.jpg 770w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In case of direct investment in real estate assets in Austria, consider the following tax regulations:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Real Estate Transfer Tax<\/strong><strong>,<\/strong><strong> Land Register Fee:<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">When purchasing a property, a <strong>real estate transfer tax of 3.5 %<\/strong> and a land <strong>register fee of 1.1 %<\/strong> has to be paid. Determination base is the <strong>purchase price.<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Income Tax:<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The ongoing management of real estate assets is subject to income tax in Austria. The surplus of revenue over the cost of advertising (all costs associated with rental) has to be determined for each year and represents a taxable source of income. The surplus has to be disclosed to the tax authorities as part of the annual income tax return. As tax rate the general progressive average tax rate applicable in Austria has to be applied. \u00a0As a matter of principle, all expenses required for the management of real estate assets can be deducted from the rental income.<\/p>\n<p style=\"text-align: justify;\"><strong>Tax-relevant expenses are e.g.:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>depreciation<\/li>\n<li>deferred financing costs<\/li>\n<li><a href=\"https:\/\/de.pons.com\/%C3%BCbersetzung\/englisch-deutsch\/maintenance\">maintenance<\/a> <a href=\"https:\/\/de.pons.com\/%C3%BCbersetzung\/englisch-deutsch\/costs\">costs<\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Since buildings are subject to depreciation, the purchase price share (which apportioned to the building) is distributed over the estimated useful life and <strong>hence depreciated. <\/strong>In principle, <strong>60% <\/strong>of the acquisition costs must be attributed <strong>to the building, 40 % to the land<\/strong> &#8211; in case buildings are not held as business assets. Nevertheless, there are a broad number of exceptions.<\/p>\n<p style=\"text-align: justify;\">For buildings used to earn rental income, the useful life is <strong>66.6 years<\/strong> without proof of an expert\u2019s report <strong>(1.5 % of the determination base).<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Real Property Tax:<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">In Austria, property ownership is usually subject to property tax. Property tax is calculated from the unit value of a property. Simplified, the unit values \u200b\u200bin the respective area correspond to the average basic prices of 1973, plus an extra charge of <strong>35 %.<\/strong> The property tax is calculated and levied by the municipalities.<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Value Added Tax:<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The management of real estate assets\/ properties provoke in general VAT.\u00a0 Rental for residential purposes is subject to a <strong>10 % VAT rate,<\/strong> other rentals to a <strong>20 % VAT rate.<\/strong> \u00a0If there is a VAT-liable rental, the landlord is able to recover VAT.<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Real Estate Income Tax:<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Since 1<sup>st<\/sup> April of 2012, profits derived from private property sales are subject to income tax. The base for the <strong>30 % tax<\/strong> is the difference between the purchase and the selling price of the property.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>In case of direct investment in real estate assets in Austria, consider the following tax regulations: Real Estate Transfer Tax, Land Register Fee: When purchasing a property, a real estate transfer tax of 3.5 % and a land register fee of 1.1 % has to be paid. Determination base is the purchase price. Income Tax:&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[24,9],"tags":[],"class_list":{"0":"post-1764","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-24","8":"category-novinky","10":"category-9","11":"description-off"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment in real estate assets in Austria and their tax consequences - Moore BDR s. r. o.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moore-bdr.sk\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[:sk]Investice do nemovit\u00e9ho majetku v\u00a0Rakousku a jejich da\u0148ov\u00e9 d\u016fsledky[:en]Investment in real estate assets in Austria and their tax consequences[:de]Investitionen in Immobilienverm\u00f6gen in \u00d6sterreich und deren steuerrechtliche Konsequenzen[:] - Moore BDR s. r. o.\" \/>\n<meta property=\"og:description\" content=\"In case of direct investment in real estate assets in Austria, consider the following tax regulations: Real Estate Transfer Tax, Land Register Fee: When purchasing a property, a real estate transfer tax of 3.5 % and a land register fee of 1.1 % has to be paid. Determination base is the purchase price. Income Tax:&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.moore-bdr.sk\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/\" \/>\n<meta property=\"og:site_name\" content=\"Moore BDR s. r. o.\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-21T08:33:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-11T11:25:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.moore-bdr.sk\/wp-content\/uploads\/2018\/05\/houses.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"dan103065\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"dan103065\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.moore-bdr.sk\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/\",\"url\":\"https:\/\/www.moore-bdr.sk\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/\",\"name\":\"[:sk]Investice do nemovit\u00e9ho majetku v\u00a0Rakousku a jejich da\u0148ov\u00e9 d\u016fsledky[:en]Investment in real estate assets in Austria and their tax consequences[:de]Investitionen in Immobilienverm\u00f6gen in \u00d6sterreich und deren steuerrechtliche Konsequenzen[:] - 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Moore BDR s. r. o.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.moore-bdr.sk\/investice-do-nemoviteho-majetku-v-rakousku-a-jejich-danove-dusledky\/","og_locale":"en_US","og_type":"article","og_title":"[:sk]Investice do nemovit\u00e9ho majetku v\u00a0Rakousku a jejich da\u0148ov\u00e9 d\u016fsledky[:en]Investment in real estate assets in Austria and their tax consequences[:de]Investitionen in Immobilienverm\u00f6gen in \u00d6sterreich und deren steuerrechtliche Konsequenzen[:] - Moore BDR s. r. o.","og_description":"In case of direct investment in real estate assets in Austria, consider the following tax regulations: Real Estate Transfer Tax, Land Register Fee: When purchasing a property, a real estate transfer tax of 3.5 % and a land register fee of 1.1 % has to be paid. 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