The following Private Client practice note provides comprehensive and up to date legal information covering:
This Practice Note contains a jurisdiction-specific Q&A guide to private client in Austria published as part of the Lexology Getting the Deal Through series by Law Business Research (published: January 2022).
Authors: DORDA—Paul Doralt; Katharina Binder; Elmar Drabek; Siegfried Podda-Prewett
Austrian resident individuals are subject to national federal income tax. There are no local income taxes. Any individual having a permanent home or his or her habitual abode in Austria is deemed to be an Austrian resident. Exemptions apply for individuals with holiday homes if they do not use them for more than two months a year.
Austrian resident individuals are taxable on their worldwide income, whether received in cash or in kind. Non-resident individuals pay tax on their Austrian-sourced income.
Austrian income tax is levied on an individual's income from seven sources:
agriculture and forestry;
trade and business;
rent, lease payments and royalties; and
other specified income, such as certain annuities and capital gains upon the disposal of certain privately held assets, in particular real property.
Income not covered by the above categories is not taxable.
Austria generally taxes income at a progressive tax rate, ranging from 0 per cent (for the first €11,000 of annual income) to 50 per cent (55 per cent for
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MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of
Judicial review—time limits and the pre-action protocolWhen considering whether and how to bring a claim for judicial review, the first step is to consider whether judicial review is be an appropriate means of addressing the issues raised by the case at hand. For further guidance, see Practice Note:
Provisional sumsWhat are provisional sums?There is no precise standard definition of provisional sum but it is generally understood to refer to an amount inserted in a bill of quantities, or contract sum analysis, to cover certain items of work that cannot be accurately defined, detailed or valued
Common law offence of false imprisonmentThe offence of false imprisonmentFalse imprisonment is a common law offence but it is more common as a civil action in tort (see Practice Note: False imprisonment).It is triable only on indictment. It may be classified in class 2A, 2B or 3 in accordance with
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