Guide to Real Estate Taxes in Austria
Tax Rate on Rental Income |
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| Monthly Income | €1,500 | €6,000 | €12,000 |
| Tax Rate | 5.76% | 29.36% | 39.30% |
Nonresidents are taxed on their Austrian-sourced income. Married couples are taxed separately. Income is taxed at progressive rates.
Income is taxed at progressive rates.
Income Tax Rates 2024
Non-residents are required to pay income tax on income earned from Austrian sources at the standard rates.
| Taxable Income (€) | Tax Rate |
| Up to €12,816 | 0% |
| €12,816 - €20,818 | 20% |
| €20,818 - €34,513 | 30% |
| €34,513 - €66,612 | 40% |
| €66,612 - €99,266 | 48% |
| €99,266 - €1,000,000 | 50% |
| Over €1,000,000 | 55% |
| Source: Global Property Guide, PWC | |
Rental Income
Rental income is subject to the individual progressive tax rates.
Stamp Duty on Lease Contracts
Stamp Duty
Stamp duty is levied on various transactions in Austria, including lease contracts. Stamp duty rates range from 0.8% to 2%.
Capital Gains
Properties Acquired Post-31 March 2002
Capital gains realized from properties acquired on or after 31 March 2002 are subject to a flat rate capital gains tax of 30%. Taxable capital gains are calculated as the selling price less acquisition costs and related expenses.
Properties Acquired Pre-31 March 2002
Capital gains realized from properties acquired before 31 March 2002 are taxed at specific different rates.
Buying and Selling Taxes and Costs
TRANSACTION COSTS |
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| Who Pays? | ||
| Legal Fees | 1.00% - 3.00% (+ 20% VAT) | buyer |
| Property Transfer Tax | 3.50% | buyer |
| Land Registration Fee | 1.00% | buyer |
| Notary Fee | €120 per signature (+ 20% VAT) | buyer |
| Real Estate Agent Fee | 1.50% - 2.00% (+ 20% VAT) 1.50% - 2.00% (+ 20% VAT) |
buyer seller |
| Costs Paid by Buyer | 7.10% - 9.60% | |
| Costs Paid by Seller | 1.50% - 2.00% | |
| ROUNDTRIP TRANSACTION COSTS | 8.60% - 11.60% | |
| Source: Global Property Guide, PWC | ||
Property Holding Taxes
Real Estate Tax
Property taxes in Austria are levied on the assessed value of real property, which is generally less than the prevailing market value. It is levied at a basic federal rate, multiplied by a municipal coefficient. The basic federal rate is generally 0.20% and the municipal coefficients range up to 500%.
Corporate Taxation
Income Tax
The standard corporate income tax rate is 24%, levied on income and capital gains earned by companies. This rate applies to companies incorporated in Austria or foreign companies doing business in Austria. According to the Eco Social Tax Reform Act, the Corporate Income Tax rate will be reduced from 25% to 24% for 2023 and further to 23% in 2024.