Recent developments concerning the Austrian private foundation: tax reform and major court cases of 2014

The 2015-16 tax reform will also affect Austrian Private Foundations. However, the details of the reform-apart from its core elements-are not yet published. As the reform will enter into force only on 1 January 2016, no legislative bills have yet been drafted. Consequently, the contents of the 2015-16 Austrian tax reform will be dealt with in a separate article in next year's edition of 'Private Foundations: A World Review'. However, there has been an amendment in the real estate transfer tax which also affects Austrian Private Foundations. Moreover, the year 2014 showed a couple of interesting court decisions that are analysed in this article.