Speculation tax on real estate in Austria
If you want to sell real estate in Austria, you have to deal with the subject of real estate tax. There is no speculation tax, which may be due when selling a house within the speculation period, as in Germany.
In Austria, as of 1. April 2012 no speculation period of ten years property more. The speculation tax replaces a general tax on capital gains and reallocation gains (called real estate tax, real estate income tax, reallocation tax).
Speculation tax in Austria - real estate tax on capital gains (new since April 2012)
Anyone who sells a property at a profit in Austria after April 1st, 2012 must pay taxes for it. There are important exceptions.
- If the property sold is a private person's main residence, no tax is payable. The prerequisite is that the seller of the property has lived in the building for at least 2 years between the time of purchase and sale.
- With a ten-year ownership period, it is sufficient for tax exemption for profit-making Sale if the seller has his main residence here for a period of at least five years would have. The purchase or acquisition date then does not matter.
- The sale of self-made buildings remains without real estate tax. However, a house must not have been rented within the last 10 years. In the case of rental, the exemption from real estate tax is still possible in some cases. You can get help from your tax advisor. You may ask that before the sale Tax office.
A house can also be an object of speculation. A speculative tax on real estate ...
Selling real estate for a profit - Calculating the tax
At the sale of a property, the difference between the purchase and sale price is taxed at 25 percent. It makes a difference whether you bought them before or after April 1st, 2002.
- After April 2012, the taxation of real estate sales has increased especially for real estate acquired before April 1st, 2002 (tax of 3.5 Percent of the sales proceeds) and for secondary residences sold after April 1, 2012 (25 percent of the sales profit as tax) changed. Valid tax exemptions for holiday homes or investment properties remain unaffected.
- If you invest in objects during the time of ownership, numerous additions, conversions and renovations can be taken into account to reduce profit. You can get answers to related questions from a notary or tax advisor.
The real estate tax in Austria gives many honest sellers an important advantage over the previous speculation tax. In the case of profitable sales within the ten-year speculation period, the personal tax rate was used. With an income tax rate of 50 percent, the profit was reduced by half.
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