I heard I can get VAT back on my new-built apartment. Is it true?

Yes, in the case of new-built so-called „tourism residences“ (Austrian Alpine apartments predominantly let out to tourists), the buyer can claim the full or part of the VAT back. This usually takes just a few months, and we can arrange for an English-speaking tax advisor to help you with the process. Prices for these residences are often quoted net of VAT. The purchase costs are still calculated based on the gross price including VAT.

Sometimes it is also possible to buy a property "net of VAT" without the need of claiming it back. This depends on the developers arrangements with the tax office.