Insights
INTERNATIONAL TAX
Securities portfolio transfer from abroad
Securities that are transferred from a foreign portfolio to an Austrian portfolio must, since 1 July 2026, be reported to the tax office within one month.
The transfer of securities from a foreign portfolio to an Austrian portfolio is, from July 2026, only tax‑neutral if the taxpayer submits a report to the competent tax office within one month, either by means of the appropriate form or via FinanzOnline. This report must contain the securities being transferred, their acquisition costs and the receiving custodian bank. In the event that the one‑month deadline is missed, the transfer is treated for tax purposes as a fictitious disposal and is subject to immediate taxation.
It remains unchanged that the actual acquisition costs must be proven to the Austrian custodian institution. However, the tax‑office report can in future serve as evidence for this. If the custodian bank has no contradictory information, it may adopt the acquisition costs stated in the report.
Conclusion
Since 1 July 2026, the timely report to the tax office by the taxpayer is a mandatory prerequisite for a tax‑neutral portfolio transfer from abroad. The proof of the actual acquisition costs to the domestic custodian can, however, be simplified by submitting this tax‑office report.
It remains unchanged that the actual acquisition costs must be proven to the Austrian custodian institution. However, the tax‑office report can in future serve as evidence for this. If the custodian bank has no contradictory information, it may adopt the acquisition costs stated in the report.
Conclusion
Since 1 July 2026, the timely report to the tax office by the taxpayer is a mandatory prerequisite for a tax‑neutral portfolio transfer from abroad. The proof of the actual acquisition costs to the domestic custodian can, however, be simplified by submitting this tax‑office report.