By Vangelis Dourakis

Conversely, the time for the day that nearly 7 million property owners will learn the amounts of ENFIA which will be required to pay to the tax office: within the first 10 days of next month, the property tax clearances are expected to be posted, ΄ dose of the tax should be paid by the end of March. A number of owners may get rid of ENFIA or pay half, provided that it applies the relevant application.

Those who secured their real estate for natural disasters – definitely for floods – will have a 20% tax deduction. However, if insurance is less than 12 months of 2024, the discount will be proportional.

Who will get rid of the payment of ENFIA

Thus, on the condition that he submits the application – Declaration (D500) a household has the opportunity to get rid of (100%discount) from the payment of ENFIA.

However, it should meet specific criteria, as this deduction concerns households with three dependent children and above, as well as those who have a disability rate of over 80%, under the following conditions:

  • The total taxable family income of the last year does not exceed EUR 12,000, increased by EUR 1,000 for the spouse and each dependent member.
  • The total surface of the buildings in which they hold rights does not exceed 150 sq.m.

50% of ENFIA ‘Dropped’ will be paid by property owners who meet the following criteria cumulatively:

  • The total taxable family income of the latest tax year does not exceed EUR 9,000, increased by EUR 1,000 for the spouse or conventional and any dependent member.
  • The total area of ​​the buildings in which the debtor’s tax return are held by the debtor or the spouse or co -existence and any dependent member shall not exceed 150 sq.m. and the total value of real estate does not exceed EUR 85,000 for the unmarried.

Who will have a 20% reduction in ENFIA

20% reduction in ENFIA will have – if they have applied to Myproperty – and owners who secure homes worth up to 500,000 euros from natural disasters (earthquake, fire, floods).

If the duration of the insurance is less than one year, the 20% reduction in ENFIA is adjusted proportionally and specifically for 9 months a 15% discount is provided for six months for 10% and for three months 5% while there is no reduction for homes which have been insured for less than three months a year.

The discount on ENFIA concerns only the insured building and not the whole real estate.
Those who have a property of more than € 500,000 maintain a 10% discount on VAT if they make full insurance, but if they do not do so by the end of March, from April 2025 will not be compensated by the state in the event of damage to natural disasters.

Those who will be burdened by:

  • Acquired real estate by purchase, parental benefit, donation or inheritance.
  • They acquired real estate rights.
  • Arranged arbitrary spaces.