Of Chrysostom Chufi

Two major changes were published by the E2 form, which must be completed by those who have income from the lease of real estate, short or long -term income.

The first new code is the 64 to complete the income earned by the landlord that was vacant in the past three years (until September 8, 2024) and is exempt from tax. Subsequently the income will be automatically transferred to new codes 119-120 of Table 6 in Form 1

The second new code is 65 and deals with the income earned by the landlord from a residence registered in the short -term property register but their use was changed from short -term lease to long -term, so in this case it was exempt from tax.

Code income is automatically transferred to new codes 119-120 of Table 6 in Form 1.

Revenue income from the lease of real estate are taxed by the first euro as follows:
– with 15% for the first 12,000 €
– with 35 in the section from 12,001 € to 35,000 €
– with 45% in the excess of 35,000 € section

Especially for taxation of short -term income, 5% is deducted, which is recognized as the cost of repair, maintenance, renovation and addressing other operational needs of the property.

If the lease is done through digital platforms (Booking, Airbnb etc), the amounts are pre -paid to codes 60 and 61.

The taxpayer can only intervene if income is taxed as real estate income and not as an income income.

So it becomes clear that the non -correct completion of E2 can be “fatal” for the property owner’s wallet as mistakes or omissions lead to a “inflated” tax.

Some tips for its proper completion:

In Form E2, all the taxpayer’s built properties are recorded, even if they do not generate income.

Unscopied real estate is recorded only if it generates income, either real or imputed.

If the property is gap, it must be stated with the “vacuum” mark, and the period that remained in this situation.

In column 4 of E2, the category of declared property, namely residence, house, professional roof, plot, warehouse, office, parking, shop, is listed. Proper imaging decisive for proper taxation.

In column 16, the amounts of any unpaid rents are listed. In order to be regarded as unpaid, there is a need for judicial decisions or payment orders or miscarriage. Especially in cases of bankruptcy of the lessee, it is sufficient to produce the necessary supporting documents.

In the event of a co -ownership or assistance of the property, the taxpayer must declare the percentage of gross income, based on the co -ownership rate.

In column 18, the PPC supply number of the property is compulsory regardless of whether the electricity has been discontinued or is blank. In the event of a non -electrified property, the corresponding information will be completed.

For auxiliary spaces, such as warehouses or parking spaces, powered by a shared meter, the nine -digit number 99999999 is used.

Plots without power meter, are also declared by the same number (999999999).

Property acquired or transferred in 2024, or unfinished by 31 December 2024, must be registered in Table II of Form E2.

Completion of a separate E2 declaration for the spouse even if real estate is common