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>> Q&A about Real Estate & Properties
 Subject: |
Buying a property in Greece |
| Question: |
Could you provide me with useful information for buying a property in Greece. I currently live in Italy and I am interested in finding a property in Zakynthos island. |
| Answer: |
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Special attention should be given to ensuring that property titles are legal and that the property in question is properly registered at the local land registry offices.
Certificate for 50% Exemption from Property
Transfer Tax When buying property in Greece using imported foreign funds, you are entitled to a 50% exemption from the property transfer tax. To receive this exemption, you need to provide:
- documents proving the money was imported into Greece
- proof that this money was used to buy the property
- a certificate from the appropriate Consulate stating that you have been employed outside Greece for more than six years in your lifetime
- proof that you are paid in a currency other than Greek drachmas.
- the passports of all parties
- six years of tax return receipts |
answer provided by volunteer expert: marina28 |
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