Our professional in-house team of qualified accountants will prepare your annual tax returns helping you to reduce your tax liability on rental income while maximising your return on investment. As a landlord in Budapest it is highly advisable to appoint an experienced Hungarian accountant who prepares your reports and files it to the Hungarian Tax Authorities.

Due to the recent tax changes in Hungary, buy-to-let investors have now more opportunities to save money, when it comes to taxation. Tower aims to help landlords to achieve a higher return on their investment, than it was possible in the past.

With these recent amendments, instead of applying the standard 25% Linear Taxation (called Full Income Consideration), Tower suggest property investors to choose the 'Itemized Cost Structure' system, which will allow them benefiting from the following advantages:

The payable tax is based on the tax band your are in, and opposed to the 25% Linear Taxation, you will only pay 18% on your profit

Certain costs related to your buy-to-let investment can be deducted off the gross tax base, so your tax will be base on the net income. Among others, you will be able to deduct the following costs:

• property management fee
• finder's fee
• furnishing costs
• accounting fee
• travel expenses for the landlord
• property refurbishment and reparations costs
• mortgage interest

Not only will your accounting service save you unnecessary tax payments, but they also make sure that no penalties occur due to delayed tax returns, missing documents, mistakes regarding security deposit - just to name a few common issues experienced by many foreign landlords.