as a general rule for renting in Buda, you lose about 46% in tax and fee's in year 1.
Does this also hold for properties rented across the river in Pest?
I am in a similar position to Eddie in that my apartment in District XIII has just been let (thanks for your advice Budapest!!), just wondering if anyone knows wether its possible to open a bank account without travelling over?
(b) income tax is payable in Ireland on foreign properties.
You are taxed in both jurisdictions but you will be allowed either a credit or a deduction for foreign tax paid, depending on the agreements between the two countries.There is a double taxation agreement between Ireland and Hungary, so once you pay the tax in hungary, its not taxed again on return. (unless I've missed your point, sorry)
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