Tuesday 29 April 2014

Greece, Capital Gains Tax On Property Sales



Kathimerini article

"The measure provides for the payment of a 15 percent tax on the profit made by a seller by deducing the cost of acquisition of a property from the price of sale date since January 1, 2014. There is, however, a tax-free threshold of 25,000 euros for taxpayers who have held their sold property for at least five years.

The capital gains tax is payable within five days from the signing of the sale contract and is paid by the seller, while buyers also have to pay a transaction tax equal to 3 percent".

Update: Capital Gains Tax Measures Frozen for Two Years

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