Thursday Jan 29, 2015 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Capital gains tax on property applied at last

By Prokopis Hatzinikolaou

After four months of stagnation in the property market, notaries are back in business as the capital gains tax has finally been activated, the necessary decisions have been issued by Deputy Finance Ministry Giorgos Mavraganis and General Secretary for Public Revenues Haris Theoharis, and the electronic application on Taxisnet on the ministrys website will open on Tuesday for notaries to pay the fee due by property sellers.

The troubles in the introduction of the capital gains tax on properties owned by up to 20 years by the same owner had brought the already problematic real estate market to a standstill since the start of the year.

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.

ekathimerini.com , Monday April 28, 2014 (23:05)  
Stocks recover after shocking three-day slide
Finance Ministry says Dijsselbloem visit will kick off debt talks
France says no waiver for Greece, maybe more time to pay debts
Greek banks rebound as govt cites inexperience for remarks
Karamanlis to meet Bakoyannis as New Democracy broods
Former Prime Minister Costas Karamanlis and ex-Foreign Minister Dora Bakoyannis are due to meet on Friday as New Democracy considers how to absorb the impact from its election defeat on Sund...
Row breaks out over plan to move Tripoli trash to Attica
Members of EDSNA, the local government association responsible for waste management, are to hold an emergency meeting on Friday to decide what to do with 4,000 tons of waste that has accumul...
Inside News
SOCCER
OFI docked more points and banned until it settles debts
Crisis club OFI Crete has been banned from playing in the Greek Super League until it is able to clear mounting debts with its staff. The league said on Thursday that OFI would not fulfil it...
SOCCER
PAOK strikes deal with Portugals Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
Inside Sports
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
COMMENTARY
Kotzias, Dugin and the EU
It has always been Golden Dawns position that Greece should not be a part of EU and US sanctions against Russia. Our national interests and geopolitical facts dictate this stance. This wa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Karamanlis to meet Bakoyannis as New Democracy broods
2. Row breaks out over plan to move Tripoli trash to Attica
3. EU, Germany warn Greece over debt reduction ambitions
4. Engine failure likely to have downed Greek F-16
5. Thessaloniki court finds 85 guilty in forged driving permits case
6. Fear of floods after Evros rises above emergency level
more news
Today
This Week
1. Greece wants a debt break, but what about its poorer neighbors?
2. $11 billion wiped from Greek banks on nationalization threat
3. Investors turn on Tsiprass campaign to end austerity in Greece
4. Greek banks rebound as gov't cites inexperience for remarks
5. Varoufakis says Russia row not about sanctions, but proper consultation
6. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. Poll shows SYRIZA leading ND by 4 pct
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.