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Greek Laws
We have put together all the information needed regarding laws and taxes when purchasing a property in Crete
More Greek Laws See all Info +Living in Crete
You have purchased the perfect home, now for everything else. We have put together a comprehensive list
More Living in CreteSee all Info +Greek Laws
We have put together all the information needed regarding laws and taxes when purchasing a property in Crete
See all PostsLiving in Crete
You have purchased the perfect home, now for everything else. We have put together a comprehensive list
See all Posts
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- A Place in Crete
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For 100's more properties you can visit our sister site A Place in Crete.
We are a true one-stop shop personal 1to1 agent offering the largest selection of properties in Crete. We will arrange all viewings (and video viewings), organise your lawyer and even your removals.
Contact us for a chat either by the Live Chat button on the left corner, or send a a direct email at info@ahomeincrete.com
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Inheritance Tax
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by Admin - 3 years ago
- Greek Laws
- 1
In Greece, heirs are divided into 3 categories; the main category includes spouse, children, grandchildren, and parents.
Inheritance tax has 3 scales and is calculated on property tax value (not market value).
Property with tax value under €150 000 is tax-free. Exceeding €150 000 is taxed at 1% and €300 000 by 5% respectively. 10% of the share above €600 000.
Example: inherited property with tax value of €800 000 is taxed 1500 +15 000+ 20 000 = €36 500. Given example concerns main category only.
