Global Property Guide

Financial Information for the Residential Property Buyer


Tax Example: Rent

Last Updated: June 06, 2017

Non-resident couple´s rental income1      
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
Less: Expenses 2 25 % 4,500 18,000 36,000
= Taxable Income 13,500 54,000 108,000
Income Tax4
Flat rate 16% 2,1,60 8,640 17,280
Annual Income Tax Due 2,160 8,640 17,280
Tax Due as % of Gross Income 12.00% 12.00% 12.00%
Thanks to:
MAZARS

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on February 8, 2016.

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 EUR = 310.00 HUF

3 Estimated values. Income-generating expenses are deductible when calculating taxable income.

3 Rental income earned by nonresident individuals is taxed at a flat rate of 16%.

 

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