How is real estate income taxed in Hungary?

  • Posted by Francois
  • On May 14 2020

Property income can be taxed at a flat rate of 15% (of net rents excluding charges), which allows you to benefit from a favourable tax regime. In addition, two possibilities enable you to reduce the taxable base according to what is best for you in your situation: you can benefit either from a flat-rate allowance of 10%, or a deduction from your actual expenses. Please note that there is no property and housing tax. Finally, the existence of a non-double taxation agreement between France and Hungary allows you not to pay property tax in France on your Hungarian real estate income.