Property transfer tax upon death in Austria

Member since 10 February 2023

monthschapel0kMember10 February 2023 10:19:08

I have a question on property transfer tax in Austria. My parents live in Austria. My mom is Austrian citizen and dad is foreign citizen with Austrian permanent residence status. My mom has terminal cancer and could pass away in a few months. My parents have joint ownership of an apartment and my mom has sole ownership of another apartment. What is the most tax effective way to transfer the properties in the event of my mom’s death? Thanks for any advice!

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SimCityAT Expert

Member since 08 April 2014

SimCityATExpert10 February 2023 10:35:02

13469

I have a question on property transfer tax in Austria. My parents live in Austria. My mom is Austrian citizen and dad is foreign citizen with Austrian permanent residence status. My mom has terminal cancer and could pass away in a few months. My parents have joint ownership of an apartment and my mom has sole ownership of another apartment. What is the most tax effective way to transfer the properties in the event of my mom’s death? Thanks for any advice!
-@monthschapel0k

I really have no idea, I would contact a lawyer.

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Katie2307 Member

Member since 18 July 2016

Katie2307Member20 February 2023 19:56:24

Hi!

This depends on the property value (=Grundstückswert).

The tax for the ‚first‘ 250.000 Euro is 0,5 %

for the next 150.000 Euro 2 %

and furthermore 3,5 %

source: https://www.bmf.gv.at/themen/steuern/im … rsatz.html

it is ‚unentgeltlicher Erwerb‘

but this is only the property tax. For the registration in the land register you need to pay extra 1,1% of another value (but it’s usually very low).

the notary/court commissioner (which will do the legal stuff after the death) can do the tax matters and registration in the land register. You can also seek a lawyer (sometimes lawyers offer free a first free consultation).