Parental Benefit in Greece
In order to transfer your property to your children, an official contract signed by a notary is required.
The tax scale is as follows and refers to the value of property transferred from each parent to each child:
|Tax scale in €||Scale factor (%)|
|From 150.001 to 300.000||1|
|From 300.001 to 600.000||5|
In relation to the taxation of real estate property, the objective value is taken into account, which results from the Public Financial Services of Greece on the basis of certain objective evaluative information, such as the area in which the real estate is situated, its size, its age etc. A reduction at the nontaxable limit as listed above is about to come within the next months so if you are planning to give your property to your children, arrange it in the next 2 or 3 months.