Worth 12 million: Benko, founder of Villa of Signa, was seized due to tax demands

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An increasingly harsh wind is blowing against Austrian real estate investor René Benko. (Taken in January 2023)

From the authority’s perspective, this amount is clear of sales taxes. The villa belongs to a company owned by the Benko family foundation.

The foundation told the dpa news agency on Tuesday that the taxes had been refunded by the tax office in the past and were now incorrectly claimed. Austrian media had previously reported on the seizure.

However, if the tax office concludes that a property is not used commercially, such refunded taxes will again become unpaid tax debt, the Ministry of Finance said in a statement on Tuesday.

The villa is considered one of Benko’s residences. The lien, which is now included in the land registry, similar to a bank mortgage, serves to secure unpaid receivables. This does not necessarily mean that the villa will be auctioned by the state.

The most important parts of the Signa real estate and trading group, which Benko built, are in bankruptcy. Last week, luxury real estate unit Signa Prime (KaDeWE, Elbtower) and real estate development company Signa Development filed for bankruptcy. Benko’s corporate network is weakened by rising interest rates, construction costs and energy prices.

(SDA)

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Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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