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Hungary: Personal Taxation

Inheritance and Gift Taxes

This page was last updated on 5 December 2019.

Formerly, inheritance and gift tax had a maximum rate of 40%. They are now levied at a flat rate of 18%, with a reduced rate of 9% applying to acquisitions of residential property. Close family members are fully exempt from inheritance tax, and step parents and children have an allowance of HUF 20 million (approx. US$65,500). Additionally, there is an exemption on the first HUF 300,000 (approx. US$985) of moveable property per beneficiary (some items, such as cars, are excluded).

Gift tax is imposed on assets at similar rates to inheritance tax.

 

 

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