1. VAT Sellers do not always have to pay VAT in the case of some real estate transactions: exchange of property for another, rent, in the case of a second sale or post construction of the building. In this case, however, sellers (traders speculators) are not entitled to a VAT refund of any kind. These data are more 'important than anything else in the case of speculation oversize (eg real estate development category of the most' high).
2. Income tax: Technically private individuals are taxed at 25% of the profit from the sale of a property, unless there is' a bilateral contract that enables other solutions. So, buying an apartment to 20,000,000 HUF (80000 EUR.) And selling it to 24,000,000 HUF (96000 EUR). you pay a quarter of the profit (4,000,000 HUF) tax office.
As a society ', documented costs falling purchase and renovation of the building grant from the Hungarian law is, so they can be deducted from the profit from the sale. Pssono deductible expenses such as travel and / or cost of services required in connection with real estate. We recommend they consult an accountant for ugherese in detail about the possible '.
The tribute can 'be repaid from any profits from the sale of real estate used by the seller or a spouse to purchase or to secure the title for the purchase of other residential real estate if you place all-time limt. This possibility 'and' relevant but only to buyers who are legal residents in Hungary.
3. Set collective and dividend tax: If you purchase a property through a company profit from the sale of the property is taxed at 16% which is based on current tax collecting.
The company can 'deduct all costs in relation to the activity' relevant to the property. Here we speak of the costs inherent in renovation costs (which increase the value of the property), the stamp duty, fees of attorneys / agents can be deducted from current revenues of the rents and profits earned from a possible sale . These works do not include the cost of maintenance - do not count cycle to clean.
Company can 'calculate a minimum of depreciation of property', what 'it means that when selling the property' will appear 'profit only in books. Depreciation (tax deductible) on industrial buildings and buildings without a long and useful life is made at a maximum of 2%, while real estate rents can write off on a preferential installment of about 5%. Calculating depreciation of the property is very important to ensure that the percentage corresponds to the useful life "advance" of the property and other directives of the records.
Finally, if the company 'chooses to sell the whole company, Hungary the seller must pay taxes on capital gains in Hungary and copratore not have to pay the stamp duty.
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