Austria - Tax Treatment of Trusts in Austria
- N. Schmidt
- European Taxation, 2012 (Volume 52), No 2/3
- 24 January 2012
In this article, the author provides an overview of the tax treatment of trusts in Austria, which, although virtually unknown under statutory civil and tax law, must nevertheless be addressed. Issues that will be dealt with include the attribution of a trust’s income, the income taxation in Austria of beneficiaries, settlors and trustees, as well as Austrian transfer taxes possibly falling due in connection with trusts.