Австрия: Налоги в Австрии ( english )

Austria: Taxes and Costs

Income Tax Non-residents earning income in Austria are subject to “limited tax liability” where only their income sourced in the country is taxed (this includes rental income). Married couples are taxed separately. Rates applicable are:   INCOME TAX TAXABLE INCOME (€) MARGINAL TAX RATE Up to €10,000 nil €10,000 – €25,000 38.333% on band over €10,000 €25,000 – €51,000 43.596% on band over €25,000 Over €51,000 50% on all income over €51,000   EFFECTIVE TAX RATE ON RENTAL INCOME MONTHLY INCOME €1,500 12.4% €6,000 18.2% €12,000 20.5% Click HERE for worked sample. SOURCE:  Taxable rental income is the excess of receipts over income-related expenses (werbungskoten). Expenses such as maintenance and repairs, depreciation, administrative expenses (including professional tax advice), interest payments and real estate tax are deductible. 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 usually 0.2% and the municipal coefficients range up to 500%. Capital Gains Tax Capital gains realized from the sale of real estate held for more than 10 years are exempt from taxation. But properties sold within 10 years after acquisition are taxable, except if the property has served as the owner’s primary residence for the past two years or if the owner have erected or have the building erected himself. Taxable capital gains for properties sold within the 10 years retention period will be considered as speculative (exemption stated above) and will be charged at the same rates as income tax. The acquisition cost will be deducted from the selling price to arrive at the taxable amount.