Of Chrysostom Chufi

Contact with the market all this time has resulted in the Treasury processing a package of changes to the extent of the three -year taxpayer for property owners who have – their closed so far – real estate in long -term lease. Changes that Kyriakos Pierrakakis will present to the cabinet that begins in a few hours.

1. Homes over 120 sq.m.

So as it is now structured the measure concerns homes up to 120 sq.m. Therefore, it leaves a significant number of houses out since larger property owners have no benefit to market them.

This is now changing as long as the property is rented to three and large families. In essence, after two children they will be added to the 120sqm limit, 20 squares per child.

That is:

  • 140 sqm for three -family family
  • 160 sqm for family with 4 children
  • 180 sqm with 5 children
  • And so

For example, one has a 160 sq.m. If he rents it to a family with 4 children (based on the table above), he will not pay tax on rent income for 3 years.

It becomes clear that the targeting is double. And get more real estate on the market and help to deal with the housing problem of three and older housing problem.

2. Homes to public officials

Each year thousands of public officials – teachers, teachers, nurses, doctors, military, security forces – are transferred or postponed to one place and pull their passions the Tarachos to find home to stay. If they ever find and do not stay in boats, containers or shacks.

So as it is now structured, property owners in these areas did not have an incentive to rent them to public officials as it is required to sign at least three years of contract so that they can benefit from tax exemption. So they preferred to have their properties in the short -term lease.

Here comes the second change. Especially for these categories of tenants, contracts can be at least 6 months. For example, a property owner in Lemnos can rent it for 8 months to an assistant professor next year to a doctor for 6 months and then 2 years to a military man and remain tax -free for rent income.

3. Homes with inconsistent tenants

So as the measure is now structured, the owner is making his property on the market and signs a three -year contract with a tenant to receive the three -year tax exemption. If he falls into a “insolvent” of a lawless, who decides to leave (regardless of the reason he leaves) before the contract expires, the owner loses tax exemption.

The Ministry of Finance, recognizing that there is no responsibility of the owner here, intervenes with the third change.

That is why he will give the owner the right to find a new tenant within a three months so that the benefit is not lost.

But this right will have it once, although the second tenant retired before the end of the contract, the tax exemption will be lost.

If he finds a new tenant after the end of the quarter, again the fork will be lost.

4. ENFIA in settlements with up to 1,500 inhabitants

One of the prime minister’s announcements at the TIF was the gradual, in 2 years, abolition of ENFIA in settlements of up to 1,500 inhabitants. Reasonable result are the protests of slightly larger settlements and even acritical.

In the fourth change, and only for the Evros region, the limit will rise to 1,700 inhabitants to include New Vyssa.

All of the above changes will be included in a bill relating to TIF announcements such as:

  • The new tax scale
  • The change to the rent tax scale
  • The gradual abolition of pensioners’ personal difference
  • The reform of payrolls in armed forces and security forces
  • The decline in VAT in the Northern Aegean islands, Dodecanese with a population of up to 20,000 inhabitants
  • The reduction of evidence in homes and cars by 30%

Aim for the bill to be voted in October