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Selling an Inherited Property in Greece. Selling an inherited property in Greece involves several specific steps and legal considerations due to the country’s unique property laws and tax regulations. First and foremost, it is imperative that you establish your legal right to the property.
- Inheritance Tax in Greece - Leptokaridou Law Firm
The Greek Inheritance Tax applies to all property owned in...
- Inheritance Tax in Greece - Leptokaridou Law Firm
6 dni temu · In Greece, real estate property has to be passed to the heirs by means of a notarial deed of inheritance acceptance. The heirs need to obtain a Greek tax number (“AFM”).
The Greek Inheritance Tax applies to all property owned in Greece (so not to property owned abroad) and rates range from 1% to 40% depending on the current value of the inherited property and the relationship between the deceased and the heir.
In order to accept the inheritance, the heir must submit the tax declaration, pay the tax, sign the acceptance of inheritance papers and submit them to the Land Registry Office responsible for the area of the property.
Inheritance tax is imposed: on any asset located in Greece and owned by residents or non-residents, on movable assets located abroad and owned by a Greek, on movable assets located abroad and owned by a foreign national who had his residence in Greece. Taxable is the heir or legatee.
The inheritance tax return is submitted: • Within nine months of the death, if the deceased died in Greece, or • Within one year if the deceased died abroad or his heirs were residing abroad at the time of death. When does the deadline start?
15 maj 2020 · “We strongly suggest to any Greek Australian who has right to a property in Greece through inheritance that they must obtain a Greek tax file number and declare their inheritance via a legal...
