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Gov’t to Extend CSOK Subsidies to Duplex Conversions

MTI-Hungary Today 2020.10.28.

The government will extend its Home Purchase Subsidy Scheme for Families (CSOK) to the conversion of family homes into duplexes from January 1, 2021, Minister for Families Katalin Novák said on Wednesday.

The option applies exclusively to the creation of an independent flat in the attic, she said.

The government supports the creation of homes where several generations live together, she said.

A maximum 10 million forints (EUR 27,000) is available in the non-repayable CSOK support plus another maximum 15 billion forints in the CSOK related subsidised-interest loan. CSOK is available for all Hungarians with children or families planning to have children.

Gov't to Make Home Purchase Subsidy Tax Free
Gov't to Make Home Purchase Subsidy Tax Free

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 told a press conference on Monday. Novák, the minister without portfolio in charge of family affairs, said that a family buying a property for 50 million forints […]Continue reading

Novák said she submitted on Tuesday a bill that will reintroduce a preferential 5 percent VAT rate on home construction, make new home purchases with CSOK exempt from VAT and all home purchases with CSOK exempt from duties.

The home creation programme of the government aims for all Hungarians living in homes of their own, Novák said.

In the featured photo: Katalin Novák. Photo by Attila Kovács/MTI