Property buyers eligible for govt family support won’t have to pay stamp duty, VAT from January

Hungarians who enjoy the government’s family housing support (csok) will be exempted from paying tax on the purchase of a property, Katalin Novák, the minister for family affairs, said on Facebook on Tuesday.

In a video message, she said the tax holiday could save families 2 million forints (EUR 5,500) in stamp duty on a house or flat worth 50 million, and 15.5 million altogether with a VAT rebate.

Novák urged people to take advantage of the opportunity.

Last Wednesday Novák said, the government is launching a scheme for subsidising home renovations carried out by households with at least one child, details HERE.

As we said a few weeks ago, the VAT rate on home building carried out before December 31, 2022 will revert to 5 percent in Hungary.