Real Estate Transfer Tax
The tax on the acquisition of domestic real property; on a purchase it generally amounts to 3.5 % of the tax base (usually the purchase price).
Real estate transfer tax (GrEStG) arises on the onerous acquisition of a property and is usually borne by the buyer. The tax base is generally the value of the consideration, i.e. the purchase price together with any burdens assumed.
Self-assessment and payment are usually handled by the party representative via FinanzOnline; only afterwards can entry in the land register take place. In addition there is the registration fee of 1.1 % under the GGG.
Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your property purchase are always decisive.
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Real Estate Capital Gains Tax (ImmoESt)
The tax on the gain from the sale of private real property; it is generally owed by the seller and amounts as a rule to 30 % of the capital gain.
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Land Register
The public register of land and the rights attached to it, kept by the district courts; it enjoys public faith, so a good-faith buyer may rely on its contents.
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Maturity of the Purchase Price
The point at which the buyer must pay the purchase price; in a property purchase usually tied to securing the unencumbered transfer of ownership.
Reviewing a contract, arranging escrow, securing handover?
When buying property, the contract and the land register decide. Call us directly or send an email, callback within one business day.
A direct line to the firm.
Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000