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[BUYING AND SELLING REAL ESTATE IN HUNGARY]
plant or wind power plant structure will be exempt from transfer duty. In other words, the value of such built facility itself would not be included in the tax base; only the value of the underlying land would be taxed.
on identifying potential issues and providing real-world solutions. We work with leading companies and investors, both domestic and regional, across a range of sectors, helping each of them to manage legal, regulatory and tax risk, thus allowing them to optimise their business performance.
6.2 Procedural costs For making any entry or registration in the Land Registry, a procedural fee is to be paid, which is normally borne by the buyer. 6.3 Legal fees lf both parties are represented by their own legal advisors, usually both parties bear their own advisor's fees. Since in case of the sale of a real estate, legal representation before the Land Registry is mandatory (meaning that it should be a lawyer who submits the documents to the Land Registry), in most cases it is the buyer's lawyer who proceeds in that respect. 7. Our firm Jalsovszky is a commercial law leading independent firm with unrivalled expertise and experience in mergers and acquisitions, private equity funding, tax, and a sound presence in banking & finance and property law. We are international in our quality, perspective and understanding; independent in the personal nature of our professional services; and local in the sense that we understand how things work locally, and we use that to our clients' advantage.
We are a young, but experienced and innovative team of lawyers, combining international standards of ethics with practical local experience, with a clear focus
ILN Real Estate Group – Buying and Selling Real Estate Series
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