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

Yes, in the case of new-build so-called 'tourism residences' (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 follows a standard process. 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.