WLN: Real Estate
Austria: Property purchase contract: Real estate transfer tax on inventory sold at the same time?
When drafting purchase contracts, a contract draftsman must always deal with the desire of the contracting parties to draft contracts that are as tax-optimized as possible. In this context, it should be mentioned that in Austria, inventory is generally not covered by real estate transfer tax. Inventory refers to movable objects that are located in […]
Austria: Elimination of the broker's commission due to close relationship
The broker’s commission results from §§ 6ff MaklerG. In accordance with the statutory provisions, the commission claim arises with the legal validity of the brokered transaction. Without a legally valid brokerage contract, the broker is not entitled to commission. It should be noted that the brokerage contract is generally not bound by any formal requirement, […]
Bulgaria: Nikolay Ilchev joins Mikinski and Partners Law Office!
WLN is excited to share the following news from our member firm in Sofia, Bulgaria: We are delighted to announce the newest addition to the team at Mikinski & Partners Law Office – Nikolay Ilchev! Nikolay graduated with a degree in Law from Sofia University “St. Kliment Ohridski” and is a member of the Sofia […]
Austria: The construction of small balcony power plants in residential property
The last amendment to the Condominium Act made it easier for apartment owners to set up “balcony power plants”. The term “balcony power plant” refers to a ready-to-plug photovoltaic micro-generation system with an output of less than 0.8 kW, which can already be plugged into an existing socket and is intended to supply a condominium […]