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HOME › Forums › Living › Moving In › taxes for those who buy an appartment

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  • December 17, 2012 at 3:08 pm #1500
    raduga
    Member

    Hello,
    I consider to buy a small appartment in Vienna, and need as a first step to understand taxes that have to be paid. All sales’ announcements seem to contain 20% of MVS. Should I understand that to the prices that real estate agencies indicate (and among them 3% for service) have to be added also 20% of the sum?

    thanks for your answers, and hope this will be useful to someone else too.

    Raduga

    December 18, 2012 at 4:35 pm #2422
    Silvia
    Member

    Was zählt alles zu den Nebenkosten?
    The cost involved?

    Grunderwerbssteuer 3,5% (bei Angehörigen 2%),
    Real estate transfer tax of 3.5% (2% if bying from a relative, not sure though if they have to be an Austrian Citizen),

    Maklerprovision 3-4% plus UST,
    Real Estate Broker fees and Taxes

    Eintragungsgebühr ins Grundbuch 1%,
    Registration fee is 1% to register it ,

    Rechtsanwalts- oder Notarkosten 1-3%,
    Lawyer or Notary Fees

    Pfandeintragungsgebühr, usw.
    Mortgage registration fees, etc. Did not say an amount

    Die Nebenkosten betragen ca. 10% des Kaufpreises.
    The cost come to about 10 percent of the Sales Prize.

    Was zählz zu den Betriebskosten?
    the operating costs?

    Die Betriebskosten sind im Mietrechtsgesetz geregelt. Zu den betriebskosten zählen: Verwaltungskosten der Hausverwaltung, Wasser- und Abwasserkosten, Kanalräumung, Rauchfangkehrer, Müll.

    The operating costs are regulated by the Rent Act. Among the operating costs: administrative costs of property management, water and wastewater costs, Sewer clearing, chimney sweepers, garbage.

    Hope this helps!

    December 18, 2012 at 5:17 pm #2423
    raduga
    Member

    Sylvia,
    thank you so much for your detailed and patient answer.
    No uncertainty has remained regarding taxes.

    have a nice evening,
    Raduga.

    December 19, 2012 at 6:59 am #2424
    finners
    Member

    The estate agent’s commission is a maximum of 3% (+20%VAT).
    (The 4% rule only applies to properties worth less than 48,000 – unlikely you’ll find anything in that category.)

    You can negotiate the commission. 92% don’t – they pay the full price.

    If the flat will sell quickly the agent might insist on 3% – your choice is to pay it or not get the flat. If it’s been on the market for a while, it’s easier.

    If the flat is listed by more than one agent – contact a couple and try to haggle them down and take the cheapest.

    If you visit a flat, don’t sign the ‘Besichtigungschein’ (“sign this to show that you’ve seen the property”) In the smakll print it will say that you agree to pay 3% commission if you buy it. If you sign it, you’ve little room for negotiation later on.

    If you do sign it, cross out the % of commission and say that’s negotiable.

    Or, look for properties for sale direct by private sellers.
    But don’t pay a subscription fee to get details of prices and contact details of private sellers. There are two websites which operate in this way. You pay a fee for details without knowing if the property is really available.
    You can normally find these properties listed elsewhere for free.

    Good luck

    😉

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