Reductions of 30% to 70% in imputed income – what changes for real estate, IX and yachts

The system of calculating the objective living expenses is changing, on the basis of which nearly 480,000 taxpayers have been taxed for decades for fictitious (“imputed”) income, in addition to those who say they really had them each year. The changes are contained in the new tax bill, which was publicly consulted by the Minister of National Economy and Finance, Kyriakos Pierrakakis.

With the new regime, the “imputed” taxable income resulting for houses, cars and boats, is drastically reduced. So will be more easily overcome And with a lower declared income, releasing thousands of taxpayers from additional burdens and taxes with which they were burdened until this year.

According to the draft law, the changes In the imputed way of taxing households will apply directlyfor incomes obtained from 1.1.2025 and will be imprinted on clearance Tax which will be issued in the spring of 2026.

What is changing

The “annual objective living expenses”, as is officially called living presumptions, are activated when the taxpayer’s income is short of the presumption calculated by the Tax Office based on real estate, cars, swimming pools, boats or other services. The Income Tax Code provides for additional tax, which is calculated in the dispute of declared and imputed income.

After decades, the system is rationalized. With the new status:

– Reduces 30% to 35% the “presumption” of housing for all taxpayers.

– also decreasing evidence up to 70% for new anti -pollution technology cars (sorting from 1.11.2010 onwards) as for the troughwhile

– Excluded from the minimum objective expense of 3,000 euros with dependent children with the same income.

Specifically:

1) Homes

The current regime led many taxpayers to high imputed burdens, especially if the actual income was very low (eg in her inheritance). Unlike ENFIA, imputed taxation does not burden the owner of the property, but whoever lives on it. That is, the tenants are taxed, based on the area of ​​the house, as well as the area where it is located.

From now on, under the bill, the objective living expense for residence is reduced:

– 30% for residences in areas with a zone price of less than 2,800 euros per square. C

– Houses up to 80 sqm, the coefficient is reduced from 40 to 28 euros per sq.m. and the corresponding reduction in objective expenditure from EUR 3,200 to EUR 2,240 (-30%).

– While for residences of 120 sqm, objective expenditure is reduced from 5,800 to 4,040 euros.

Objective Expenditure, based on the square meters of the ownership or leased or free -granting main residence

For residences in areas with zone prices from 2,800 to 4,999 euros/sqm. The imputed will now increase by 30% and not by 40%. Thus objective expenditure is reduced by a total of 35%

In areas with zone prices of over 5,000 euros/sqm. The imputed income is increased by 58% instead of 70%. Thus, in these areas, objective expenditure is reduced by 35%.
For detached houses, 20% surcharges are maintained but applied to new, reduced objective costs. The 50% discount for secondary homes is also maintained on new prices.

2) Private Cars

In the car sector, for vehicles after 2010, the calculation system is completely changing: the evidence is now calculated on the basis of both cubism and CO2 emissions, instead of cubism alone.

Cars are currently subject to objective spending, exclusively based on the cubic centimeters of their engine. There is also a reduction in the amount, depending on the age of 30% for cars 5-10 years and 50% for cars over 10 years. However, maintenance costs are not higher for younger cars than the older ones, while the present situation is a deterrent to the purchase of a newer car under the decade, as follows:

New CO2 -based scale (for vehicles sorted by 1/11/2010)

The new system results in a reduction of up to 70% for new vehicles, up to 30% for vehicles aged 5-10 years and up to 50% for vehicles over 10 years. For those who have cars sorted after November 1, 2010, objective costs are now determined by CO2 emissions, corresponding to traffic charges. Indicatively, for vehicles with CO2 emissions to 122g/km, the presumption is 2,000 euros, while for larger emissions it differs on the basis of the relevant scale (€ 30-60/g). The decrease is more intense for vehicles older than 10 years, as new evidence is calculated by a 50% reduction in the applicable prices. For electric cars of zero pollutants, if the retail price pre -tax does not exceed 50,000 euros, objective expenditure remains zero. For more expensive electricity, the presumption is limited to EUR 2,000 per year against € 4,000 today.

3. Yachts

For boats today, imputed expenditure by each boat is reduced by 15% according to its age if it has elapsed more than 5 years since the year it was first registered, or even 30% if 10 years have elapsed. With the new regime, the imputed expenditure is reduced by 30% on newer vessels, as maintenance costs are not higher in the newer ones.

It is also maintained that the amounts of the annual imputed expenditure are reduced by fifty percent (50%) for sailing boats. At the same percentage, they are reduced by leisure ships built or manufactured in Greece entirely by wood, types of “trachander”, “Varkalas”, “Perama”, “Cherniki” and “Liberty”, coming from the Greek naval tradition.