Taxes in Europe Database v2
Act 93 of 1990 on duties.
The Republic of Hungary.
The person acquiring the property.
The obligation to pay duties shall apply to immovable properties and the following rights of pecuniary value and movable property:
The basis of the property transfer tax is the market value of the acquired property reduced by the value of use or usufruct, while the usufructuary or user pays a tax on calculated value of usufruct or use, in case of acquisition of shares mentioned above the taxbase is the market value of the real estates owned by the company.
The following shall be exempt from the property transfer tax:
The general rate of the property transfer tax shall be 4 % of the market value of the property acquired, including encumbrances, unless otherwise provided for by this Act. In case of real estates above HUF 1 billion of the market value the rate of the tax is 2 %, but maximum HUF 200 million forints/real estates.
Unless otherwise provided for by this Act, the basis of the property transfer tax for the acquisition of residential property shall be the market value of the residential property.
In case of the acquisition of ownership of a motor vehicle, the tax rate depends on the performance of the vehicle expressed in KW and the year of manufacturing of the vehicle.
the performance of the vehicle
the year of manufacturing of the vehicle
over 8 years
In case of lorries, buses, tractors, when the performance of the motor exceeds 120 kW, the tax rate is calculated as for a vehicle with 120 kW performance.
For the acquisition of title to a trailer, if the permissible maximum gross weight of the trailer is less than 2,500 kg, the tax payable shall be HUF 9,000; in all other cases, the tax shall be HUF 22,000.
On the 15th day from that day when the decision of tax authority about the obligation on pay the tax come into force.
The tax is collected by the Tax and Financial Control Administration.
In respect of the acquisition of ownership of a motor vehicle, the tax is payable not on the market value of the acquired vehicle, but the performance of the vehicle expressed in KW and the year of manufacturing of the vehicle.