The Situation Relating to Real Estate and Wealth Taxation in Hungary
The Situation Relating to Real Estate and Wealth Taxation in Hungary

Summary/Abstract: The need for a uniform system of wealth taxation, including the taxation of real estates has been formulated several times in the plans of the socialist governments on tax reform, since the democratic political transition. The Hungarian Parliament made two attempt to carry out a significant transformation of the system of real estate taxation in force at the time, which endeavour was communicated by the government in office as the introduction of a new element into the taxation of wealth. These attempts were unsuccessful, because society demonstrates a negative attitude toward wealth taxation, which appears as a surplus tax in the present system of taxation and does not mean the redistribution of the tax burden. In my opinion that is the main reason that the theoretical, practical or material conditions are not given for introducing wealth taxation in Hungary.

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