Search results
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.
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”).
Inherited real estate can sometimes come with encumbrances, such as outstanding taxes or mortgages. These must be paid before the property can be sold. It’s also important to make sure the property taxes are up to date, as delinquencies can significantly complicate the sale process.
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.
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 · As you are already paying tax in Greece on your income, then it is highly likely that you will have minimal tax to pay in Australia. There are also expense write-offs against your Greek...
