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Comes stimulate the property market with new interventions in property taxes

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Significant changes in the taxation of real estate launches the government. The changes are both structural and fiscal nature as from an attempt to stimulate the building activity and……. economy in general and on the other to reduce the tax burden of real property to take breath homeowners.

This is a category of taxpayers which during the years of crisis was called to lift huge tax burden had a negative impact on overall real estate market and economy.

Interventions in the field of real estate tax will start from the second tax bill of the government which is scheduled to be submitted to Parliament by mid-November. In this will include provisions to provide:

-Tin suspended for three years of capital gains tax on property in order to fully abolished then. The tax has been suspended several times in the past as it is considered inapplicable.

-Tin suspended for three years of VAT in the delivery of newly built building. VAT on property creates problems in the property and transfers as a significant burden to the buyers.

-Tin establishing discount 40% from income tax or ENFIA on energy costs, functional or aesthetic properties upgrade if proved by documents. The discount is expected to come into effect from January 1 2020.

Within the 2020 but in the following years come new interventions in property taxes. These interventions concern:
-Ti new installment updating of objective values ​​to real estate. This is the second and last update which is planned to take place within 2020. The update of objective values ​​expected upside of zone prices in tourist areas and in medium and low price zone areas of large urban centers (B.C. West Athens).

-From the adjustment of objective values ​​will be affected more than 20 charges, such as the End Property, the ENFIA and the presumption of residence.

-H phase out the living evidence of the 2021 and after. With the removal of documents will be removed and the presumption concerning the principal residence, owner-occupied or rented.

capital.gr

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