 Apply
to become a volunteer Greece Expert and join the 'Ask for
Greece!' community.
Click here
to apply. |
|
| Donate to 'Ask for Greece' and support
our new site: |
| |
|
|
>> Q&A about Real Estate & Properties
 Subject: |
Real Estate Taxes |
| Question: |
Can you please tell me if there have been any changes made concerning real estate tax? |
| Answer: |
 |
| Yes there have indeed been significant changes made which have come o force as of 1.1.2006. The most significant change was the introduction of Value Added Tax at a rate of 19% in sales of new construction and the aboliyion, for some properties, of the transfer tax. Additionally, the capital gains tax was reintroduced, while as from 1.1.2006 a transaction fee was introduced. The new law also raised the tax-free limits for purchase of the first residence and introduced significant changes to the tax rates for real estae inheritance and donations as well as parental gifts. |
answer provided by volunteer expert: johnieb |
|
|
|
