“Invalid” were declared more than 8,000 parental benefits and donations in this year’s seven-month period, as, as revealed by the Independent Public Revenue Authority (AADE) inspections, they did not qualify for the tax free of 800,000 euros- which applies to October 20 and 20 ertnews.gr.

First -degree relatives (parents, children and grandchildren), they made a number of violations: from cash transfers to virtual donations to persons who had no right to exemption. Those involved are now required to pay the relevant tax, with the charges reaching 10% for cash transactions and 20% (or even 40% depending on the rank of affinity) for chain or virtual transfers leading to non -beneficiaries.

The auditors found that many citizens were depositing cash on the accounts of their children or grandchildren, instead of following the banking path, as required by law, and there were few who chose to make “triangular” donations to eventually reach relatives.

For example, a brother was donated from one brother to another brother with their mother or father. One brother donated his mother or father an amount (usually large close to tax -free) without paying tax as provided by tax law. However, after a quarter, this amount passed to the other son with parental benefit without the payment of the corresponding tax, as this case is not covered by the current status.

In these cases, the sanctions are heavy, and the checks are extended to the donors’ wherever you are, with the tax office calling for income documentation even from earlier years. The message is clear: property transfers can be made without tax, but only if the procedures are kept literally.

Transfer contracts

In addition to parental benefits, AADE’s controls are also extended to real estate transfer contracts to determine whether the obligation to submit an ENFIA certificate has been respected.

Thousands of contracts in 2024 are checked for whether the tax of the last five years has been paid, while those notaries or land registers overlook the obligation are faced with fines of EUR 100 to EUR 1,000, which in the event of a recurrence are doubled.

The purpose of the audits is to close the “holes” in real estate taxation and to ensure that each transfer is accompanied by full tax compliance.