Austria: Inheritance
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Inheritance tax and law
Inheritance tax is payable upon the transfer of properties as bequest. Liability falls on the beneficiary. For non-residents, Austrian inheritance tax accrues when transfers of real property takes place.
The rates applicable are progressive from 2% to 60% depending on the value of the estate as well as the relationship of the donor and beneficiary. A special valuation is offered by the tax office to determine the taxable base.
Certain tax-free amounts are also deductible and it varies depending on the relationship between the donor and the heirs and the value of the property. The categories and their respective tax-free allowances are as follows:
- Category I recipients (spouse and children): €2,200
- Category II recipients (descendants of children): €2,200
- Category III (Parents, linear ancestors and siblings): €440
- Category IV (nephews, nieces, in-laws): €110
- Category V (others): €110
TAX-RATE ON DIFFERENT CATEGORIES |
|||||
| TAXABLE INHERITANCE | I | II | III | IV | OTHERS |
| €7,300-€14,599 | 2% | 4% | 6% | 8% | 14% |
| €14,600-€29,199 | 2.5% | 5% | 7.5% | 10% | 10% |
| €29,200-€43,799 | 3% | 6% | 9% | 12% | 18% |
| €43,800-€58,399 | 3.5% | 7% | 10.5% | 14% | 20% |
| €58,400-€72,999 | 4% | 8% | 12% | 16% | 22% |
| €73,000-€109,499 | 5% | 10% | 15% | 20% | 26% |
| €109,500-€145,999 | 6% | 12% | 12% | 24% | 30% |
| €146,000-€218,999 | 7% | 14% | 21% | 28% | 34% |
| €219,000-€364,999 | 8% | 16% | 24% | 32% | 38% |
| €365,000-€729,999 | 9% | 18% | 27% | 36% | 42% |
| €730,000-€1,094,999 | 10% | 20% | 30% | 40% | 40% |
| €1,095,000-€1,459,999 | 11% | 21% | 32% | 42% | 48% |
| €1,460,000-€2,919,999 | 12% | 22% | 34% | 44% | 51% |
| €2,920,000-€4,379,999 | 13% | 23% | 36% | 46% | 54% |
| €4,380,000 | 14% | 24% | 38% | 48% | 57% |
| Over €4,380,000 | 15% | 25% | 40% | 50% | 60% |
Austria - more data and information
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