Wealth tax · Herdon Law Firm

About Herdon Law Firm

Herdon Law Firm supports wealth-tax preparation throughout Hungary by connecting legal and valuation perspectives.

Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.

Dr. István Herdon, PhD, LL.M.
Personal responsibility. Coordinated professional support.

Dr. István Herdon, PhD, LL.M.

Managing attorney · specialist in business law · qualified business valuation specialist

Our managing attorney’s approach

At Herdon Law Firm, legal precision goes hand in hand with understanding each client’s assets, business interests and family circumstances. Dr. István Herdon’s previous entrepreneurial experience helped shape an approach that treats advice not as an isolated legal answer, but as a transparent process guided by the client’s objectives.

Preparing for the proposed wealth tax calls for a comprehensive view of the client’s position, including the relationships between real estate, company interests, financial assets, rights and claims. Legal analysis and business valuation expertise complement each other in supporting informed decisions.

A coordinated team and a designated matter lead

Our established six-person multilingual team works with a designated matter lead for each engagement. Administrative, financial, technical and IT perspectives support the legal work. Where needed, we coordinate input from accountants, tax specialists and industry advisers.

An in-house level of understanding means that, as external advisers, we take the time to understand the client’s circumstances and objectives. Our one-stop service model and legal project management approach coordinate tasks, documents, deadlines and specialist contributions.

Education and professional qualifications

  • University of Debrecen, Faculty of Law – law degree, summa cum laude.
  • Utrecht University School of Law – Erasmus law studies.
  • Pázmány Péter Catholic University, Faculty of Law and Political Sciences – postgraduate qualification in business law, with an excellent grade.
  • Hungarian bar examination – excellent grade.
  • University of Debrecen, Marton Géza Doctoral School of Legal Studies – PhD, summa cum laude.
  • University of Pécs, Faculty of Business and Economics – business valuation specialist qualification, with an excellent grade.

Recognition and awards

  • Local and National Scientific Students’ Associations Conferences – first place.
  • Mailáth György Scientific Competition, National Office for the Judiciary – first place (2019), second place (2020).
  • Pro Scientia Gold Medal (2021).
  • University of Debrecen – Outstanding Student Award.
  • Domokos Lajos Award – University of Debrecen, Faculty of Law.
  • Wolters Kluwer Lawyer Award – Law Student Talent of the Year 2020–2021.
  • Debrecen Bar Association – distinction established in memory of Dr. Sándor Ladányi.

Expertise relevant to wealth-tax preparation

The firm’s experience in real estate, contracts, tax and financial law, asset management and investments helps us understand the connections within a client’s wealth. This website focuses not on company formation or corporate administration, but on mapping assets, valuing company interests and other holdings, and preparing for potential obligations under the draft.

Academic rigour informs our professional work. We describe wealth-tax rules conditionally and solely on the basis of the supplied draft. Previous professional experience does not imply a guaranteed outcome.

Based in Debrecen, serving all of Hungary

From our Debrecen base, we accept engagements throughout Hungary. The firm’s introduction also identifies Miskolc, Nyíregyháza, Budapest, Szeged, Kecskemét, Szolnok and Sopron among the locations covered by its nationwide work. This does not imply a separate office in each city.

By prior arrangement, confidential consultations can take place at our office, online or at the client’s own premises. Information obtained in the course of legal practice is protected by attorney confidentiality within the applicable statutory framework. We request detailed asset documents only after agreeing a secure method of transfer.

Legal background

The firm is led by Dr. István Herdon, PhD, LL.M., operates in Debrecen and is registered with the Debrecen Bar Association. Engagements are covered by attorney confidentiality. No predetermined result is promised: individual circumstances are decisive.

Nationwide assistance

We assist clients throughout Hungary. Initial discussions can take place in person by prior appointment or online. Work scope, documents and fees are clarified before engagement.

Source-based information

Legal content is based on the supplied draft, explanatory memorandum and summary, with section references for draft rules. These documents do not establish adoption; final legislation requires separate verification.

Herdon Law Firm · Team of six

Why work with a boutique law firm?

A boutique law firm is typically a small or medium-sized practice focused on particular areas of expertise. At Herdon, personal collaboration is backed by the knowledge and capacity of a six-person, multilingual team.

In-house depth, one coordinated service

We immerse ourselves in your matter like an in-house legal team, considering wealth structures, legal connections and valuation questions together. Our legal project-management approach coordinates tasks, deadlines and the work of any necessary specialists.

A designated matter lead

Your matter has an identified person responsible for coordinating the work and communication, so you know whom to contact. We aim for ongoing communication and prompt responses within the availability arrangements agreed with you.

Combined expertise for complex wealth

Matters involving the proposed wealth tax may connect real estate, company interests, financial assets and legal rights. Compared with a sole-adviser model, our six-person team offers coordinated knowledge, experience and capacity for comprehensive due diligence.

A familiar, established team

Our stable team works together without staff turnover, offering a direct, personal relationship. As an alternative to a larger or multinational provider model, we put your designated lead and familiar colleagues at the centre of the engagement.

Discretion, including at your home

We come to you: by prior arrangement, we offer confidential consultations at your home or your own office anywhere in Hungary. We work with the utmost respect for business, tax and banking confidentiality. We consider wealth and family arrangements under the confidentiality duties attached to legal practice.

Competitive, outcome-oriented fees

Fees reflect the complexity of the matter, the work required and the objectives agreed with you, on terms clarified in advance. An outcome-oriented approach means focused work, not guaranteed tax savings or a promised decision by an authority.

Why a law firm rather than another provider?

You do not rely solely on general business-confidentiality rules: facts, information and data learned in the course of legal practice are also protected by statutory attorney confidentiality. This may include information learned during a wealth review that is ultimately not included in a tax return. The duty continues indefinitely after the engagement ends.

The protection attaches to information and records, not to the asset itself. It does not remove the client’s filing or disclosure obligations or provide unrestricted immunity from authorities. Statutory exceptions and the rules governing the involvement of other contributors apply.

Legal basis for attorney confidentiality: Act LXXVIII of 2017, Sections 9–13 (Hungarian)

Frequently asked questions

Can I request a confidential consultation at my home or office?

Yes. We offer consultations at clients’ premises throughout Hungary, at a time and location agreed in advance. A designated matter lead coordinates the arrangements; you do not need to send confidential documents or wealth details with your initial enquiry.

What does the six-person boutique team mean for my matter?

A designated matter lead, the coordinated knowledge and capacity of several colleagues, and multilingual collaboration. Your lead coordinates tasks, any necessary specialist input and communication as agreed with you.

Does attorney confidentiality protect only information included in the return?

No. It covers facts, information and data learned in the course of legal practice, not only return data. The duty continues after the engagement, subject to statutory exceptions. It does not exempt clients from their own filing or disclosure obligations.