Austria: Real Estate

Austria has introduced new VAT rules for luxury residential properties exceeding EUR 2 million in total costs, fundamentally changing the tax treatment that has long distinguished the country's approach from standard EU frameworks. Starting January 2026, these high-value properties will face mandatory VAT exemption, eliminating the input VAT deduction rights that previously provided significant liquidity advantages to developers and landlords. The threshold calculation encompasses acquisition, construction,

Austria ranks among Europe's leading tourism destinations, with around 150 million overnight stays per year and a tourism sector contributing roughly 8% to GDP.

Increasing digitalisation, the market growth of cryptocurrencies, and the growing importance and use of AI are among the reasons that have led to an increasing demand...

The draft of the Nature Restoration Law (NRL) unveiled by the EU Commission in 2022 and narrowly approved by the EU Parliament in July 2023, has been met with both enthusiasm and controversy.

Transparenz und Kontrolle wirken präventiv, betonte Bettina Knötzl in ihrer Funktion als Präsidentin des Beirats von Transparency International Österreich diese Woche im Interview mit noe.ORF.at.

The reintroduction of (additional) wealth taxes is a hot topic in Austria. It comes with major practical challenges, not only for advisors but especially for tax authorities and the Austrian legislator.

Die Immobiliengesellschaft ist ein "normaler" AIF; dies ist der Fall, wenn die Immobiliengesellschaft höchstens 50 % ihrer Erträge aus der Überlassung oder Übertragung von Immobilien an Dritte erwirtschaftet.

The new Austrian government was sworn in on December 18, 2017 and thereby also presented its government program which deals, among other things, with real estate law.

The online CEE/SEE real estate & construction blog of Wolf Thiess.