• Taxation of Real Estate Transactions In 2012
  • March 27, 2012 | Author: Pál Jalsovszky
  • Law Firm: Jalsovszky Law Firm - Budapest Office
  • The provisions of the Stamp Duties Act applicable on real estate transactions have regularly and significantly changed recently. For the first time they changed significantly in 2010, when the legislator extended the stamp duty obligation to such deals where, instead of purchasing directly the real estate, the shares in the company holding the real estate (“share deal”) are acquired. At the same time, however, the stamp duty rates on real estate deals also changed. These changes were later followed by other amendments adopted in the summer of 2010, in the summer of 2011 and at the end of 2011, which further changed the scope of real estate transactions that are subject to stamp duty.