Taxes

When you buy a house in Hungary you must pay here too a conveyance duty. The conveyance duty on hungry private house amounts to 2% of gross the price at houses of less than 4,000,000 forint (approx. 14,500.00 Euro).

* At private house above 4,000,000 forint you 6% of gross the price pay.
* To construction grounds applies that if one starts after obtaining construction license within 4 years with the construction of a house there no ground purchase tax needs become paid. There however within 4 years it is not started with construction then must one 10% ground purchase taxes pay.
* For holiday houses one must 10% pay conveyance duties.
* Agrarian founding with 10% ground purchase taxes have been charged but can not yet expatriate be bought.
* Since 1 May 2001 it has been being possible that the hungry tax service sends the payment request to your Home address, with this payment request the Tax and Customs Administration these would not probably comply you as being open charge at written will become on the registration of the land register.
* At sale of your immovable property you must assume there that there concerning the profit tax must be paid. Profit has reduced the sales price with the price and possible maintenance costs (perceptible by means of account). The profit has been charged with 20%.
* You should invest however the profit again in to buy of new immovable property in Hungary must you none or little carry tax.
* You sell the immovable property after 5 years, then can per year 10% of the profit be deducted there so that one can sell after 15 years in principle free of tax
* Purchase can be also new groundside build a house (to see above) or extension of your existing house with minimum 1 chamber, here money however a deadline you can at the earliest reinvested 12 months by sale and on its last 12 months after sale of your immovable property.
* At death Hungary has the inheritance tax on private house these amounts to at death 2.5% of the value, on other immovable property 11% of the value.
* These percentages become higher as the degree of consanguinity becomes lower
* At death will it are made up recognises by the Hungary state.
* The will must be recognised or in Hungary by the court, there the house in Hungary stands it must be also settled in Hungary