Real Estate Blog

Property transfer tax for buyers

26 Jun 2018 (originally 21 Feb 2015)

Tax, by broosco tax team

Share this page

Twitter Facebook LinkedIn Email

 

Property purchases in Greece are subject to taxation. Τhe purchase tax is paid by the buyer necessarily prior to signing the contract, when the transfer declaration is submitted by the parties to the local tax office, which makes an estimation of the property regardless of the declared price by the parties. The calculation of the tax is based on the value of the property to be transferred mentioned in the contract.

In case the value of the property according to the local tax office estimation is higher than the declared price by the parties, the tax calculation is based on the bigger value. By virtue of the article 11 of the Law 4223/2013, the transfer tax imposed on the buyer is 3% of the transfer price of the property, plus a 3% concerning City (Municipal) Tax.

Example

Property with transfer price 100.000€

Transfer tax : 100.000€ x 3% =3.000€

City (Municipal) Tax : 3.000€ x 3% = 90€

Total Transfer Tax : 3.090€

 

 

 

 

© 2015 broosco. All rights reserved.

 

 

 

 

 

 

 

 


Don't miss the conversation!

Join us to get the information you need, straight to your inbox...

SIGN UP

Featured Properties

Properties for sale

Cozy whole-floor apartment for sale

Apartment for sale325,000€ 4 2180m²Chania, Daratso

Latest Listings

Properties for sale

Detached house with sea views for sale

Detached House for sale150,000€ 2 1132m²175m²Kissamos, Kolymvari

Luxury Villa with panoramic views for sale

Villa for sale3,650,000€ 5 6350m²4.000m²Apokoronas, Kokkino Chorio

Apartment close to the beach for sale

Apartment for sale239,400€ 2 257m²Apokoronas, Almirida