Who may be affected by the wealth tax?
Based on the draft provided, liability would depend on net wealth and tax residence. This summary is a starting point, not individual legal advice.
Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.
The wealth threshold
Under section 6 of the draft, liability could arise where qualifying wealth, reduced by specified debts, exceeds HUF 1 billion. The calculation is therefore not a simple sum of gross assets.
Which assets may count?
The draft would cover a broad range of assets; classification always depends on the legal nature of each item.
- real estate and related rights
- company shares and securities
- financial assets and receivables
- foreign assets for Hungarian residents
Residence and foreign assets
For Hungarian residents the draft would extend to foreign assets; for non-residents, to certain Hungary-connected assets (sections 2–4 and 8). Tax treaties must be assessed individually.
How we help
We review your asset and ownership position, identify relevant items and summarise possible consequences in writing. We assist clients throughout Hungary, both in person and online.
Frequently asked questions
Would the billion-forint threshold apply to gross wealth?
Section 6 would deduct qualifying substantiated debts from calculated asset values; net wealth above HUF 1 billion would form the tax base.
Would each asset receive a separate billion-forint allowance?
No. The threshold would apply to qualifying net wealth, not separately to every asset.