Holiday home in Nassfeld, what costs and taxes apply?

Purchase costs in Austria

When purchasing a property in Austria, there are fixed additional costs on top of the purchase price:

• Notary fees: approx. 2% of the purchase price (practical average, no fixed legal standard).
• Registration and transfer costs (Grunderwerbsteuer 3.5% + Eintragungsgebühr 1.1%): together approx. 4.6%.
• Estate agent fees: usually 3% + VAT according to the Austrian Maklergesetz (Estate Agents Act). At Clofers, you do not pay any estate agent commission.

In concrete terms: when purchasing through Clofers, you can expect approx. 6.6% additional costs on top of the purchase price.

Annual charges and maintenance

After the purchase, you will have to deal with:

• Municipal taxes (waste, sewerage, water).

• Insurance (building, liability).

• Service charges (if applicable).

• Regular maintenance.

Rule of thumb: set aside 1% – 2% of the property value per year.

Taxes on purchase

• Grunderwerbsteuer (3.5%) + Eintragungsgebühr (1.1%).
• VAT (20%) on new-builds, often deductible if you operate the property for tourist rental and are subject to VAT.

Clofers works with tax specialists who can help you make the most of these arrangements.

Tax position for Dutch buyers

• According to the tax treaty, rental income from Austrian property is taxed in Austria.
• In the Netherlands, the property falls under box 3: the value of the assets minus debts is taxed.
• Mortgage interest relief is not possible in the Netherlands for a second home. In Austria, interest can be deductible within a rental operation.

Clofers: rental and management

A major advantage of investing through Clofers is that you do not pay any estate agent fees.

Clofers will charge a one-off contribution of 1% for setting up the rental organisation. This is not an estate agent's commission, but a service fee for setting up rental and management structures in accordance with Austrian law. After that, you will benefit from:

• Professional marketing and bookings.

• Guest reception and key management.

• Cleaning and technical maintenance.

Conclusion

A holiday home in Nassfeld is a valuable investment, provided you have a clear picture of the additional costs and tax aspects.

• Take into account approximately 6.6% additional purchase costs.
• Clofers does not charge estate agent fees, but may charge a 1% start-up fee for rental management.
• Rental income is taxed in Austria; in the United Kingdom, you declare the property in box 3.

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