Is the 1031 Rule also a thing in Austria?

Question

Hey! I wondered whether this 1031 thing is also relevant in Austria, hence outside the US. Maybe under another name?

Henry Clark · Answer

Couple items:

A. You have to report for overseas transactions in the US also. In Belize there is no capital gains tax. If we make a gain of say $100,000. No Belize tax. But I still have to report it in the US and pay the difference.

B. US allows 1031 between foreign to foreign properties. But not between foreign and US.C. Austrian specific you need to check there. .

You need to check with your tax adviser.

Is the 1031 Rule also a thing in Austria?

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