Politics

Real Estate Sales: Tax Evasion is Probably Tilted

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…

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Real Estate Sales: Tax Evasion is Probably Tilted

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.