Immediately, since November this year, as soon as the provisions promoted by the Ministry of National Economy and Finance, the provisions promoted by the Ministry of National Economy and Finance, have been voted on and published in the Government Gazette, for renting rents to be collected from now “closed” property.

Changes give more flexibility and security to the owners, with the aim of renting thousands of houses for rent, helping to tackle the housing problem, mainly for families with children, but also for government officials serving in islands or other tourist destinations and find it difficult to find a decent home.

Who is entitled to the exemption

The new arrangements are included in the draft tax reform law posted for public consultation by October 22, in order to then be introduced to Parliament.

With the changes that occur, are exempt for three years from income tax The owners lease housing that remained blank for at least 36 consecutive months.

Specifically, the property should have been declared as a “gap” in E1 and E2 statements and the previous three years before a lease contract was signed. So, for renting this year, it should not have been used for rent or ownership or free concession in the years 2022, 2023 and 2024.

Alternatively, for those real estate rented short -term through type platforms Airbnbas long as they had been stated in the relevant register for at least one year before they change use and pass to the long -term lease.

However, tax exemption is not unlimited: defined that The lease must have been concluded between September 8, 2024 and December 31, 2026 and have a short duration of three years.

New flexibility for owners

By the new provisions, however, the terms change:

1. To date the exemption provided only for area residences up to 120 square meters measure. For larger real estate, the owners did not have such an incentive to set them for leasing.

By the proposed provisions, the rise in limit in 140 sq.m. For trite, at 160 sq.m. For parents with 4 children, who are increased by 20 sq.m. For every additional child, in order to be rented for rent and larger properties that were excluded today.

2. Are protected the owners that make use of motivation, In cases where tenants leave prematurely (voluntarily or for health and force majeure) before the three years is completed. To date, the owner has lost the exemption, but he had to return taxes he had not paid as much as the lease was active.

With the changes that occur, if the tenant interrupts the contract prematurely, the landlord maintains the tax exemption for the rents he received until departure. To continue the benefit for the rest of the three -year period, he has to find a new tenant within three months. If it is delayed, then it loses tax exemption, but only for the next rents, which will then be taxed normally on the income scale.

3. Conditional, tax exemption is also guaranteed for Multiple leases of shorter duration. Instead of the term for an exclusively three -year contract, a minimum limit of six months is established. The measure concerns the rental specifically to doctors and nursing staff of the State, teachers of all levels or military who serve in the place of their transfer for a short period of time.

In this way, the needs of different tenants will be met in succession within the three -year period, even if they change each semester or every school year, provided that a new lease is signed.

But with an additional condition: owners will only be exempt from tax, only if they get income from long -term rental. On the contrary, if these properties are also available for short -term rental (for example in the summers or in the interim between the long -term leases with government officials) then the owners completely lose tax exemption.

When is the tax exemption lost

On the basis of these terms, the exemption is canceled in specific cases of breach of the new rules.

Specifically:

– If the landlord does not find a new tenant within three months after the premature departure of the previous one, he loses the benefit of the rents – from this point and then only and not for as long as the contract was active.

– Those who attempt to take advantage of the measure, but to cross the property and on a short -term rental platform, automatically lose tax exemption and are taxed retroactively for all rents, while also facing fines.

– The tax exemption of the surface real estate of more than 120 sqm depends on the number of children at the time of the lease, regardless of whether the household has other children after it.

The exemption is only valid during the first three -year lease of the closed property, so it cannot be repeated later for the same property. Finally, the measure does not cover properties that have not been declared as gaps for the three years 2022-2024 or had not been registered on a short-term lease platform within 2025, as this is a key prerequisite for the beneficiary.