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News Link • Hungary

Hungary Offering $35,000, Lifetime Tax Exemption For Having Lots Of Children

•, Tyler Durden

For starters, the state is offering $35,000 to couples who get married and have at least three children. Specifically, women under 40 who are getting married for the first time will receive an interest-free, general-purpose loan of $35,000. Upon the birth of the couple's first and second children, loan payments will be suspended for three years each - with 1/3 of the principal paid off after the second child. After the third child is born, the debt will be wiped out

Couples with two or more children can also use their loans for the purchase of an existing property - but it gets better. 

"People living in villages should wait just a little bit longer," said Prime Minister Viktor Orbán in February. "Within a few weeks, we would like to announce a scheme specifically customised to their needs.