The previous French wealth tax, which had to be paid by individuals who owned assets of over 1.3 million EUR, and which consequently lead to the migration of wealthy owners, has been limited from the 1st January of 2018 to private immovable property. The new wealth tax (“impôt sur la fortune immobilière”, “IFI”) takes over…
For the purposes of the Income Tax Act, the technical appreciation of tangible assets and intangible assets means expenditure on completed superstructures, additional structures and construction adjustments, reconstruction and upgrades, increasing the value of 1 700 EUR in total for individual tangible and intangible assets for a tax period. Since 1st January of 2015, the…
Investments into real estate belongs to one of the investments with a stable and secure income. Investment can be made by a legal entity or an individual, each investment has its own specifics. From an investor’s point of view, it is good to evaluate the investment´s impacts from the real estate in the Czech Republic…
In case of direct investment in real estate assets in Austria, consider the following tax regulations: Real Estate Transfer Tax, Land Register Fee: When purchasing a property, a real estate transfer tax of 3.5 % and a land register fee of 1.1 % has to be paid. Determination base is the purchase price. Income Tax:…
Property investments are currently booming with both institutional investors and private investors. The market is benefiting from the current low interest rate phase and the good economic development in Germany. Office and residential real estate in the big cities are especially popular. While the residential property market is dominated by German investors, nearly half of…