In Hungary, the law requires us to pay taxes on our income and to pay property acquisition tax in the event of property acquisition. What do we mean by property acquisition tax? How do we pay the tax, and is it possible to be exempt from the obligation? Are there any discounts? What is the property transfer tax? Retroactive property transfer refers to a property exchange between contracting parties involving some kind of obligation, consideration or exchange of assets. The property can be any asset, movable or immovable, where the ownership of the owner changes at the end of the transaction in ..read more

When selling a property, not only the buyer may be subject to a tax payment obligation, but the seller may also face tax payment and declaration situations. But what is the tax after selling a property and how do we calculate it? We will help you with this now. In our article, we only explore the personal income tax payment obligation arising from the sale of residential property by individuals, and we do not deal with other tax types (so primarily with the issue of VAT). After selling a property, we have a personal income tax payment obligation on the income we have earned. The rate of this ..read more