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Kefalonia Property Taxes and Costs

Posted by Petersons | Kefalonia Property on 30th November 2020
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Kefalonia Property Taxes and Costs

Total transaction costs are moderate in Greece.

The total roundtrip transaction cost, i.e., the cost of buying and selling a property, ranges from 6.88% to 11.04%. Transfer tax is levied at a flat rate 3% as of 01 January 2014.

Income tax is moderate to high in Greece.

Rental Income: Rental income is taxed at progressive rates, from 15% to 45%.

Capital Gains: Capital gains realized from the sale of property held for less than 5 years are taxed at a flat rate of 15%.

Inheritance: Inheritance tax is levied at different rates depending on the relationship between the deceased and the beneficiaries.

Residents: Residents pay taxes on their worldwide income at progressive rates.

 

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