\u00a0<\/p>\n
On 20.3.2024, the National Council adopted parts of the housing and construction package, according to which the Court Fees Act will be amended.<\/span><\/p>\n In the event of an urgent need for housing, as well as under certain other conditions, purchasers can take advantage of the temporary exemption from the land register registration fee for homes up to an assessment basis of \u20ac 500,000.00, as well as from the lien registration fees of the same amount.<\/p>\n The purpose of the amendment is to make the creation of housing more affordable<\/strong>.<\/p>\n The conditions for claiming the exemption are:<\/p>\n \u00a0<\/p>\n If the assessment basis exceeds \u20ac 500,000.00, registration fees must be paid to the extent exceeding this. From an assessment basis of 2 million euros, there is no longer any exemption from fees and the legal transaction is fully subject to the obligation to pay fees.<\/p>\n The existence of the urgent need for housing must be proven to the land registry court both by submitting a confirmation of the main residence on the subject matter of the contract and by proving that the previous residential rights have been relinquished.<\/p>\n If the right of ownership is relinquished within five years<\/span> or the urgent need for housing no longer exists, the exemption from fees will subsequently cease<\/strong> to apply. Here, too, there is an obligation to notify the court.<\/p>\n Inherited or gifted real estate is not covered by the exemption.<\/p>\n At the time of going to press, the amended law had not yet been promulgated \u2013 however, the Federal Council did not raise an objection to the National Council’s decision on 5 April 2024.<\/p>\n \u00a0<\/p>\n For further information, please contact:<\/em><\/strong><\/p>\n Petra Walkner<\/span>, Lawyer<\/p>\n Zumtobel & Kronberger, Salburg<\/p>\n e: walkner@eulaw.at<\/span><\/p>\n t: +43 662 624500<\/p>\n \u00a0<\/p>\n #WLNadvocate #Austria #Salzburg #law #legal #lawfirm #laywer #property #propertylaw #realestatelaw #international #network #news #landregister #housing<\/p>\n","protected":false},"excerpt":{"rendered":" \u00a0 On 20.3.2024, the National Council adopted parts of the housing and construction package, according to which the Court Fees Act will be amended. In the event of an urgent need for housing, as well as under certain other conditions, purchasers can take advantage of the temporary exemption from the land register registration fee for…<\/p>\n","protected":false},"author":3,"featured_media":15813,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_ppma_block_editor_authors":""},"categories":[48],"tags":[],"ppma_author":[68],"class_list":["post-15811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-warwick-legal-network-2"],"acf":[],"yoast_head":"\n\n