Property annual tax

PROPERTY ANNUAL TAX

Single Property Tax (ΕΝΦΙΑ) is a tax imposed by the Greek state on property. This is a tax paid to the state by all owners for any property they own (houses, plots). The tax was introduced in 2014 by the government of Antonis Samaras.

ΕΝΦΙΑ is annual, and the tax office divides it into equal monthly payments to simplify payment. The size of the amount depends on various factors, such as area, floor (when it comes to the house), age, price value of the region. This tax is issued by the General Secretariat through information systems (taxisnet).

Single property tax for owners of property (individuals and legal entities) Newly built 2,50 – 16,25 € / sq.m.

Plots 0,0037 – 11,25 € / sq.m.

Additional tax on all property with a tax-free amount of 250,000 euros Individuals: 1,5‰-1,15%

Legal entities: 2,5-5‰

 

Annual fee for property (buildings + plot) 0,25-0,35‰
Offshore companies annual property tax 15 % (except non-profitable)
Property Added Value Tax (periodic) Plot – 5%

Building – 8%

ANNUAL TAX FOR BUILDING OVER 25 YEARS

Price value of the region Tax per sq.m.
0 – 550 € 2,00 €
551 – 750 € 2,80 €
751 – 1.050 € 2,90 €
1.051 – 2.000 € 3,70 €
2.001 – 2.500 € 6,00 €
2.501 – 3.000 € 7,60 €
3.001 – 3.500 € 9,20 €
3.501 – 4.000 € 9,50 €
4.001 – 4.500 € 11,10 €
4.501 – 5.000 € 11,30 €
Over 5.001 € 13,00 €

SCALE OF TAXATION OF ADDITIONAL TAX ON REAL ESTATE PROPERTY OF INDIVIDUALS SINCE 01.01.2019

Scale Tax rate Tax amount In total
Property Tax
250.000 0,0% 0 250.000 0
50.000 0,15% 75 300.000 75
100.000 0,3% 300 400.000 375
100.000 0,5% 500 500.000 875
100.000 0,6% 600 600.000 1.475
100.000 0,8% 800 700.000 2.275
100.000 0,9% 900 800.000 3.175
100.000 1,0% 1.000 900.000 4.175
100.000 1,05% 1.050 1.000.000 5.225
1.000.000 1,10% 11.000 2.000.000 16.225
Over 1,15%

LEGAL ENTITIES

  • Real estate of legal entities is taxed at a general rate of 0,55% and with a lower rate in cases of certain categories of real estate or non-profit organizations.

TAXATION ON TRANSFER OF PROPERTY RIGHT AND SURVIVAL VALUE OF REAL ESTATE PROPERTY SINCE 1.01.2019 

VAT for the purchase of a newly built property and for a partial exchange of property(anti-haze system) 24 %
Property transfer tax 3,09 %
Exchange tax (combination of land) 1,50%
Property distribution tax 0,75%
Property aging tax 3 %
Capital gains tax on the sale of property (suspended) 15 %

SCALE OF TAXATION ON PROPERTY TRANSFERRING IN THE ORDER OF GIFTING, INHERITANCE, TRANSFER OF PROPERTY FROM PARENTS TO CHILDREN SINCE 01.01.

 CATEGORY 1 (spouse-children-grandchildren-parents)

HERITAGE-TRANSFER OF PROPERTY FROM PARENTS TO CHILDREN-GIFT

Scale Tax rate Tax amount Total cost

of property

Relevant tax
150.000 0% 0 150.000 1
150.000 1% 1.500 300.000 1.500
300.000 5% 15.000 600.000 16.500

 

Over 10%
  • There is a special inheritance tax amount of 400,000 euros for the surviving spouse (after 5 years of marriage) and his minor children.
  • Unofficial donations of money are taxed off-scale with a rate of 10%.

CATEGORY 2 (other descending and ascending relatives, brothers and sisters, aunts, uncles, nephews)

HERITAGE-GIFT

Scale Tax rate Tax amount Total cost of property Relevant tax
30.000 0% 0 30.000 0
70.000 5% 3.500 100.000 3.500
200.000 10% 20.000 300.000 23.500
Over 20%

CATEGORY 3 (other relatives and non-relatives)

 HERITAGE-GIFT

Scale Tax rate Tax amount Total cost of property Relevant tax
6.000 0% 0 6.000 0
66.000 20% 13.200 72.000 13.200
195.000 30% 58.500 267.000 71.700
Over 40%

SCALE OF INDEPENDENT TAXATION OF REAL ESTATE INCOME FOR INDIVIDUALS AND LEGAL ENTITIES (INDIVIDUAL BUSINESS)

Income level Tax rate
0 – 12.000 € 15%
12.001 – 35.000 € 35%
Over 35.001 € 45%