Real estate transactions

The tax rules in connection with real estate properties located in Hungary have changed a lot from 2010. Among others, foreign shareholders owning real estate companies in Hungary may become directly taxable if their participation in the Hungarian company is sold.

The tax issues relating to real estate properties are relating mainly to the following areas:

1. Income realised on the use or sale of properties located in Hungary

2. property taxes payable by the owner

3. transfer taxes payable upon the sale of shares or properties

4. special VAT rules regarding leasing and selling real estate properties in Hungary

 

How can we help?

  • Review of potential tax conseqences before implementing a deal
  • Advise on tax planning opportunities
  • Assist companies in the course of tax authority audits
  • Advise on the VAT options and registration requirements in order to maximise VAT deduction