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Property transfer

tristan65

Hi some months ago I bought a property in Pecs. The property was put in my partner's name as she is a Hungarian citizen and lives in an EU member state. We now want to transfer the property into my name Im English and still live in England (a non-EU member) Is this possible, is it easy, is it expensive, how long will it take, etc?


Thanks in advance

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fluffy2560

Hi some months ago I bought a property in Pecs. The property was put in my partner's name as she is a Hungarian citizen and lives in an EU member state. We now want to transfer the property into my name Im English and still live in England (a non-EU member) Is this possible, is it easy, is it expensive, how long will it take, etc?
Thanks in advance - @tristan65

You'll need a lawyer for this.    Cost, I don't know.   Not too much as it sounds simple and no real money changing hands.


You could be liable for some taxes if you aren't married to your partner.  If you plan on staying together, you could avoid those by getting married.   


Moreover, you should probably have a sales contract.   The amount of taxes will depend on the value.  You could use a figure derived from the land taxes if they historically existed when you bought it.  Land taxes were cancelled some years ago.  The lawyer will advise you.


The land registry takes a while to update records.  But once it's in there, it's definitive.


The main thing is that you'll need permission from the local government to get it in your name.   That's another example of the stupidity known as Brexit.  EU citizens or Hungarians equally do not need permission unless it's in a national park or agricultural land etc.


As for your address, you could use the address of the property as your HU address but they might wish to do see documentation for that. Like an address card. 

SimCityAT

@tristan65

Do you have to right to live and work in Hungary? Either with an Article 50 card, or a visa? Because owning a property doesn't give you permanent residency without the former. If you don't then you can only stay for 90 days then only able to return after 90 days.

SimCityAT


The main thing is that you'll need permission from the local government to get it in your name. That's another example of the stupidity known as Brexit. EU citizens or Hungarians equally do not need permission unless it's in a national park or agricultural land etc.
- @fluffy2560

You will have to check but those with an Article 50 card are protected by the WA so are treated with like an EU citizen, so don't need permission from the local government.


That's how it is in Austria.

fluffy2560


The main thing is that you'll need permission from the local government to get it in your name. That's another example of the stupidity known as Brexit. EU citizens or Hungarians equally do not need permission unless it's in a national park or agricultural land etc.
  - @fluffy2560
You will have to check but those with an Article 50 card are protected by the WA so are treated with like an EU citizen, so don't need permission from the local government.
That's how it is in Austria. - @SimCityAT



It's a good point.  I hadn't thought about that.


The OP said he lived in the UK so I was assuming he wasn't a resident. 


In my own sales contract, written before Brexit, it says that I'm an EU citizen and therefore I do not need permission from the local government to purchase.  I never saw any paper from the local government agreeing to the sale.  I think they just get a copy of the entry during the actual land registration. It's very rare to get refused for residential and of course, it does nothing for immigration status.


In any case, I think there's a bigger issue - the stamp duty.  It's going to cost to transfer to another person.  We had to pay up based upon our purchase price.  It's not cheap.  We paid in two lumps.  Forgot how much it was but it was a few thousand EUR equivalent.  And then there's the other rip off fees like the lawyers charging percentages.