You own a small flat and your original plan was to rent it out. An additional source of income couldn't hurt.
After reading my article "Renting out or selling a condominium: Which brings you more?" you are now not so sure whether renting out is the most lucrative solution for you. As a landlord, you have to pay tax on the income you earn from renting out your flat.
You know that all your income is added together to calculate your tax burden. Are you worried that renting will put you in a higher income tax bracket? Whether renting is really worth it?
To help you answer these questions, we at Arealita provide you with a tax calculator. Within a few minutes you will receive a calculation of your tax burden. You only need to enter 4 pieces of information:
- Your annual gross salary (just enter your annual gross salary and press continue)
- Your other income (if, for example, you additionally teach or sell with a small trade, you must enter this additional income here and press continue).
- The rental price (enter the rental price per month for your tenant including operating costs here and press continue).
- Operating costs (enter the monthly operating costs for your tenant here and press continue)
Important: Our tax calculator is intended to give you a rough overview of the costs incurred when renting out a flat. It only provides approximate values as long as you are exempt from VAT. Accordingly, it is only valid for small entrepreneurs within the meaning of the Value Added Tax Act. It does not replace individual tax advice!
Would you like to learn more about the topic of "selling or renting a flat"? Browse through already published articles in our blog now and subscribe to our newsletter to never miss any more news from the real estate industry!
Our experienced real estate agents are also available to you at any time with their specialist knowledge. You can reach us by e-mail(immobilien@arealita.at), by phone(+ 43 512 580 242) or via the contact form (click here!).
Yours sincerely,
Yours, Bernhard Großruck
© brizmaker - stock.adobe.com
My name is Bernhard Großruck. I work as a real estate agent and appraiser in Innsbruck and would like to give you helpful tips about real estate in this blog.