Real Estate Sales: Tax Evasion is Probably Tilted

Politics ♦ Published: November 3, 2010; 12:42 ♦ (Vindobona)

So far, the property transfer tax has been avoided by a relatively simple construct. The Finance Senate wants to close this legal gap now.

Real Estate Sales: Tax Evasion is Probably Tilted / Picture: © Vindobona.org

If real estate is purchased in Austria, a property transfer tax equal to 3.5% of the purchase price less the assumed charges is applied. A registration fee of 1% has to be considered also. This relatively high tax burden has so far been bypassed by selling real estate through a limited liability company into which the property was previously introduced. Even though there are taxes to…

or Log In

Fast News Search
Related News
Réné Benko Has already Invested 700 Million Euro This Year (October 19, 2010)
Real Estate Market for Logistics Objects is Booming (October 19, 2010)
Tax Evaders Targeted by the Ministers of Finance (October 18, 2010)
Réné Benko Looking for Tenants (October 15, 2010)
Property Tax is Not Unconstitutional (October 15, 2010)
Austrian Real Estate: Increased supply of 339% (September 27, 2010)
CEE Real Estate: Outlook is brightening (September 27, 2010)
Higher property tax could bring a billion (July 5, 2010)
Read More
Property Market, Taxation, Real Estate Industry
Featured
See latest Vindobona Newsletter