It is clear from the case law of the Administrative Court that the renting of apartments to dependent children is to be subsumed without any doubt under § Section 20(1)(1) of the Income Tax Act and thus is not to be recognized for income tax purposes. – The input tax deduction in connection with the renting of apartments to dependent children is therefore to be denied due to the lack of income tax deductibility of the expenses pursuant to § 12 para 2 no. 2 lit a UStG. BFG, 29.11.2022, RV/7101373/2017
Source: bmf.gv.at
Latest Posts in "Austria"
- Austrian Court Rules on VAT and Corporate Tax for Housing as Hidden Profit Distribution
- Austrian Court Clarifies Input VAT Deduction Rules for Apartment Rentals in Business Use Case
- Austrian Court Denies Tax Deductions for Unrented Property Due to Insufficient Rental Intent
- Streamlined EU Administrative Processes: Your Digital Gateway for Cross-Border Services
- ECJ State Aid C-360/25 (X) – Questions – Legal Validity of the Bank-to-Bank VAT Exemption