Sale of the Hahn area: Zwettler entrepreneur criticizes high price!

Sale of the Hahn area: Zwettler entrepreneur criticizes high price!

Hahn-Areal, 3910 Zwettl, Österreich - The news about the sale of the "Hahn area" caused a sensation. According to Noen.at , the approximately 10,000 square meter property was offered for a proud price of 2.5 million euros, which is far above the local prices. The Zwettler entrepreneur Michael Ertl expressed concerns in a letter to the editor and wondered why the investor Dr. Frasl, who had acquired the area for the construction of a shopping center, has not initiated any construction activities for years. Ertl advocates rejecting the property and considering another use.

tax obligations in real estate sales

Real estate sale brings with it numerous tax obligations, as explained on uamr.de . One of the most important obligations of the seller is the tax report to the tax office, which is automatically carried out by the notary. This applies not only to the real estate transfer tax, but also the speculation tax, which is due if a property is sold again within ten years after purchase, unless it has been inhabited. Sales of rented real estate must be disclosed in the tax return if the profit exceeds 600 euros.

It is particularly important that after the sale, all relevant information about the profit, costs such as brokerage fees and notary costs are specified in the tax return in order to avoid possible financial disadvantages. The deadline for the correct message of the tax aspects is crucial in order to counteract later complications. By observing these regulations, sellers can fulfill their tax obligations efficiently and stress -free.