Personal income tax (SZJA) modification in Budapest, Hungary, ruling the income, generated by the property sales ...

From 1st of January, 2008
1. 5 years time after the property purchase, the income generated by the sales is not taxable anymore
2. to obtain a new property from the real estate sales income does not mean anymore that it would untaxable.

Summerized: if one purchases a property in Hungary it is beneficial to keep it in posession for 5 years time. Naturally posessing a property as a company holds the same corporate tax law. Here the tax base is the profit of the company: 16%.

Full article on flottinvest.hu