Assessment of usufruct or right of residence

The two rights have various differences. For example, unlike the right-of-residence holder, the usufructuary can not only use the Real Estate themselves, but also rent it out to third parties. For this reason, they also bear the full ordinary tax burden (income and wealth tax), whereas the right-of-residence holder only pays tax on the imputed rental value (income tax).

Both a usufruct and a right of residence must be publicly notarized and entered in the land register in order to be valid.

No, neither the usufruct itself nor the right of residence are transferable or inheritable.

It is also possible, for example, to conclude a written rental agreement.