Financial and other assets
Bank accounts, fund units, cryptoassets, precious metals and insurance would have asset-specific valuation rules.
Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.
Cash and securities
Section 21 would use face value for cash and closing year-end account balances. Traded debt securities would have rules based on prices across twenty trading days. Fund units would generally use net asset value; untraded debt securities would use face value.
Cryptoassets, metals and insurance
Cryptoasset value would use quantity and a qualifying platform’s daily closing price, or a substantiated market value if no price is available. Standard investment metals would use fine-metal content and reference prices. Surrender-value insurance would rely on insurer confirmations, with a separate rule for pension insurance.
Foreign currencies and residual assets
Section 11 would use the year-end MNB rate, with fallback rules for missing rates. Where no specific valuation rule applies, section 10 would use year-end market value.
- account and custody statements, quantities and currencies
- insurer surrender-value confirmation
- price sources and valuation calculations
Frequently asked questions
How would a bank account be valued?
Section 21(1) would use the closing balance on the last day of the year. Section 11 would govern conversion of foreign currency into forints.
Does the draft cover cryptoassets?
Yes. Section 21(12) would use quantity and a qualifying trading platform’s daily closing price, or a substantiated market value where no qualifying price is available.
Open draft (Hungarian)