2023-08-28 09:56:40
The SPÖ has recently specified its ideas for an inheritance tax. There should be a life allowance of one million, i.e. anyone who receives inheritances or gifts totaling less than one million within 30 years does not have to pay anything. At the same time, the real estate transfer tax would fall, according to the concept that the “TT” had initially reported on. Today the economically liberal think tank Agenda Austria reacted sceptically.
Its director Franz Schellhorn speaks of symbolic politics. The “highest tax country” Austria does not need any new taxes. Anyone who wants a more equal distribution of wealth must promote wealth accumulation.
On the part of the SPÖ, however, one also wants to start with the wealthy. The tax rate for inheritance tax should be 25 percent for an inheritance of between one million and five million euros. Between five million euros and ten million euros, the tariff increases to 30 percent. From an inheritance of ten million euros, according to the Social Democrats, 35 percent taxes should be paid.
In the case of company takeovers, 85 percent of the company’s assets should be spared if the company continues to operate for at least five years. According to the model, foundations have both an inheritance tax and a wealth tax equivalent. The foundation entrance tax paid might be offset once morest this.
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