The tax Aspects of Hungarian Real Estate

No wonder that real estate plays a major role in the overall M&A market, since these properties represent financial and emotional security too. Both buyer and seller try to maximize their cost-benefit ratio and are dependent on reliable data. Next to identifying, for example, future rental income and maintenance costs, the owner/lessor has to be absolutely sure about the funding of fiscal circumstances, including taxes. In this article, we would like to give an insight into the specialties of real estate taxation in Hungary.

Personal income tax amendments as of 2016

The amendments to personal income taxation offer better conditions for 2016, decreasing tax burden and simpler tax administration for private individuals, support for taxpayers who newly return to the social security pension scheme, enticing taxpayers to bring back to the country untaxed income accumulated abroad.