In the case of real estate that is held as private assets, this mainly involves apartments, detached houses, apartment buildings and building plots. The occasions for valuating properties as private assets increase significantly every year, with a variety of crucial reasons behind them, whether it’s due to a declining confidence in what estate agents are saying, for example, or the requirements based on changes in the law.

The value of a property is relevant not only for its sale or purchase but also in the case of inheritance, divorce, transfers within the family or for financing by a bank. The market value or the notional acquisition costs and the proper allocation of building and land value are also becoming increasingly important in terms of tax law.

In many places in the private sector (in Vienna, Graz, Linz, Salzburg, Innsbruck as well as in locations with an average building land price of more than €400.00 per sqm, such as Klosterneuburg, Mödling etc.), the legal presumption of the land value proportion has increased from hitherto 20% to 40% (or 30%). This reduces the building value share to be depreciated to 60%, which results in a considerable increase in the tax burden. However, it is possible to provide evidence to counter this with an expert opinion.