Austria: the assessment base in the event of the union of all shares of a company

Regardless of the kind of beneficiary, the triple amount of the appraised value of the property will remain the assessment base in the event of the union of all shares of a company possessing real property in the hands of one person only.

The tax for the transfer of agricultural and forested property will be assessed from the amount of the appraised value. In the case of a transfer of a company without consideration, a tax allowance amounting to 365.000 euro will be applied.

Finally in case of the reorganization of a company the double amount of the appraised value of the property will apply. As of 1 June 2014 the transfer of real property not subject to the Law on company reorganization will not benefit from any relief. Thus especially in case of contributions in kind to a corporation or a partnership consisting in real property, the tax will be calculated on the basis of the current market value.

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