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NOVÁK: GOVT TO MAKE HOME PURCHASE SUBSIDY TAX-EXEMPT

 

Both new and second-hand properties purchased through the government’s home buying subsidy scheme CSOK will be fully exempted from the asset acquisition tax from January on, Katalin Novák said. Novák, the minister without portfolio in charge of family affairs, said that a family buying a property for 50 million forints could save 2 million forints (EUR 5,470) through the exemption, adding that their savings would add up to 15.5 million forints considering the government’s recent move to scrap the VAT on such purchases. Novák noted that single parents were eligible for the scheme, too, adding that they would thus benefit from the new scheme. She also said that the scheme did not have a cap, and the government would provide as much funding as needed.