Popular investment vehicles in Austria

Updated on December 2023.

• Real estate investment fund (ImmoInvF)

• Contractual

• Exempt at fund level
• Tax at investor level
• Gains from sale/disposal of fund units taxable at investor level
• Double taxation treaties may apply on the fund level in case of real estate located outside of Austria

• Real estate transfer tax of 3.5% (generally calculated on the basis of the consideration (e.g.  purchase price))
• Stamp duty on the mortgage agreement
• Registration fees applicable to the mortgage

• Yes

• Open-ended

• Regulated as a licensed AIFM
• In addition, the management company is licensed as a credit institution

• No (sanctions regulations may apply)

• Final withholding tax at special rate (no inclusion into the tax return, unless opted otherwise) available in many cases
• Assets are held on trust for the unitholders (and can be segregated in the insolvency of the management company)

• Statutory investment restrictions
• Fund rules are subject to regulatory approval

• Real estate

Disclaimer: “Information in this guide for any particular country or topic may have been subject to change since the date to which it was prepared”