Duty on onerous transfer of property: 4%

 4% up to HUF 1 billion per property (residence other immovable property), 2% on the part of the fair value above this, but not exceeding HUF 200 million per property.

In the case of the acquisition of co-ownership in a property, the 4% duty shall be applied to a part of the HUF 1 billion corresponding to the share held in the property in co-ownership, or the maximum amount of HUF 200 million per property shall be considered in proportion to the share in the co-ownership.

In the case of the acquisition of property (residence other immovable property) - related rights of a property value, the 4% duty shall be applied to a part of the HUF 1 billion of the taxable value, or a part of the HUF 200 million shall be considered, corresponding to the value of the property-related rights compared to the fair value of the property.

In the case of the acquisition of property (residence other immovable property)  burdened with rights of property value, including rights of property value established simultaneously with the acquisition ownership, the fair value shall be reduced by the value of the rights of property value and the 4% duty rate shall be applied to a part of the HUF 1 billion, or a part of the HUF 200 million shall be considered, corresponding to the value of the property-related rights compared to the fair value of the property

In the case of the acquisition of capital share in a company with domestic property assets, the duty shall be 4% up to HUF 1 billion per property and 2% on the part of the fair value above this but not exceeding HUF 200 million.

 

Special rules concerning the acquisition of residential property

In the case of exchanging ownership of housing units, the duty is 4% on the difference of the full market value of the housing units.

In the case of purchase or sale of residential property within 1 year, 4% on the difference between the full market value of the properties is paid by the private individual.

In the case of exchanging and purchasing ownership of housing units, if the private individual sales the other ownership of the housing unit in the previous or following year counting from the purchase and if the market value of the ownership of purchased housing unit is lower than that of the exchanged or sold housing unit, it is regarded an exempt from duties.

If the private individual transfers more than one residential property by way of exchange, or purchases or sells more than one residential property within one year, when establishing the value differential on which the duty is based, only the exchange or sale that produces a more favorable duty base for the person who is subject to payment obligation and that takes place immediately before or after the acquisition may be applied in terms of each and every exchange or purchase of residential property. If the private individual is unable to verify the exchange or sale of other residential property(ies), in compliance with the aforementioned conditions, to offset his additional transfers by way of exchange or purchases of residential properties, the duty obligation on such exchanges or acquisitions of residential properties shall be levied according to the general regulations.   

In that case, if the private individual declares at the latest imposition of duty notification of buying a residential property within one year after the residential property purchase sells and calls for the state tax authority to ascertain the duty on acquisition of residential property according to the rules of purchase replacing change, then the state tax authority determines the market value of purchased residential property, and suspends the process without disclosing the decision.

When the private individual demonstrates that within a year of buying a residential property sold to another residential property, the suspended procedure shall be conducted, and establishes the amount of duty payable under the difference between the market value of the purchased and sold residential property.

In that case, however, if the private individual declares on intention of residential property’s sale as described above, and requests that under the rules of purchase replacing change should be applied for the establishing of the duty payable, however, does not justify the sale of the residential property within 13 months after buying a residential property, then the state tax authority imposes additional fees calculated according to the rate of double the prevailing central bank base rate on the basis of market value purchased residential property from the submission date of private individual’s declaration.

Acquisition of real property by credit institutions: 2%, 3%

Real estate acquisition of regulated property investment companies: 2%

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Source: https://en.nav.gov.hu/taxation/taxinfo/Fees_charges_duties.html