Hungary: proposed IP tax exemption

The Hungarian government last week put forward plans for a new capital gains exemption for qualifying intellectual property. Broadly, gains relating to qualifying intellectual property will be exempt from tax if the seller has held the property for at least one year. Where the sale doesn’t qualify for the exemption, a form of roll-over relief will be available so that the gain can still be exempt if re-invested in qualifying intellectual property within three years of the gain arising.

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