Useful
- Useful
- FOREIGNERS
FOREIGNERS
SCHEDULE OF TAX-EXEMPTABLE AMOUNTS IN THE CASE OF AN ORIGINAL ACQUISITION OF A HOME TO BE USED AS A RESIDENCE
purchase
1 Once a customer has finally decided to buy a property in Greece , an agreement is signed. This confirms the serious intent to purchase a suitable property at a specified price during a specified period (individually negotiated ) . Continue to pay a deposit ( usually 10 % of the purchase price ) . This is , of course, confirmed in writing. Well said object for the client is authentic reserved and taken out of the offering. This will ensure that the property in question is no longer offered for sale .
Now begin the actual contract activities . If - for any reason whatsoever , the customer changes his intention and no longer wants to buy the property , this term 10% deposit will not be refunded. Any costs arising from this will be settled. If more than 10 % of the purchase price to have been paid on account , so only the rest will be refunded.
The full deposit will be refunded to the Customer , if - for whatever reason , always the property of the customer due to any complications arising from Seller , or his agent or the object can not be sold.
2 If the customer keeps to himself in Greece , is subsequently done by him personally ( on request , with our help ) . If he is not personally present, he authorizes a trusted person (usually a lawyer of his choice , or our partners ) to act on behalf of the customer to the best knowledge and belief regarding the property acquisition. The power required for this is created by a public notary . The cost of this power amounts to about 100 EUR .
If the customer changes his mind for some reason and no longer wants to purchase the property , may , at his request regarding the power of attorney at any time , be revoked at any notary public in Greece or a Greek consulate of the country concerned . Also in this case , the term 10% deposit will not be refunded.
Money shall be paid directly into a trust account of the lawyer . Evidence of bank transfers shall be deemed proof of receipt. ( Picked for the tax return )
3 An independent lawyer and an independent notary proposed by the customer or at the request of our partners. This will check and inspect the property title at the Land Registry and the lawyer completed a report on the outcome of the investigation (the costs in this case to about 1 -2 % of the purchase price) .
Is the person authorized by the purchaser and the appointed attorney for testing the same person , the reliability in the execution of the research is particularly guaranteed.
4 A topographical plan, which will also include all the technical details presented ( this plan is created by an architect ) . Based on this, the lawyer made his report on the subject. A copy of this is part of the contract .
This plan typically includes the following information :
* Exact dimensions of the object
* Outline of the object ( either in scale 1:100, 1:200 , 1:500 )
* Location and Floor Plan Scale 1:5000
* Information about the permissible type of buildings (such as high as large , etc.)
* Distance to neighboring property
* Distance to sea (if it affects the tax levy )
* Name of the owner of the adjoining land and their signature with which they recognize the limits of accuracy .
All necessary papers and documents to gather the taxes paid to the tax office ( this transfer is usually made by the authorized attorney ) .
Furthermore, a distinction is made regarding the land transfer tax in two categories :
Category 1 ( acquisition of property within the development plan ) :
- Here is a quick and easy settlement is possible, since comparative figures are available ( comparative figures are customary for valuation in Greece , since there is no unit value determination in the way).
Category 2 ( acquisition of property outside the development plan ) :
- An amount shall be determined by the tax office . Of these, a deposit is payable to the tax authorities . If the buyer does not agree with the amount fixed a hearing with the IRS is possible. Should there still no agreement , the deposit will be refunded completely and easily if desired.
The real estate tax is also increased when
* The object is acquired from multiple buyers together
* A title needs to be created (it will be created later than the purchase, since in Greece
are no Land Registry )
* Is the distance to the sea less than 500m
The price set by the tax office (see unit value determination) may differ from the actual sales price. As a result, the customer pays a lower but sometimes higher land transfer tax .
Once the final purchase costs are fixed (notary , lawyers) shall pay the buyer the total amount ( purchase price plus costs less deposit ) Property .
The contracts will be signed by both parties.
The registration at the Land Registry , as a final and irrevocable proof that the buyer is now the legal owner is made and delivered.
Now you are the rightful owner of the property!
additional costs
With the purchase of a property in Greece are next to some formalities and charges
connected . Therefore, you should keep in mind that the purchase price the following charges will apply:
Transfer tax :
The control calculates the notary . It depends according to marital status and location, about 11 to 13 % Then comes another municipal tax of 3% ( price fixed by the Tax Office ) .
The assigned attorney reviews the basic books. His fee is about 2 % of the purchase price .
To individually develop and set up the notarial contracts calculated to commissioned notary about 2 % of the purchase price .
The brokerage fee is 2.75% , depending on location - 5% at least 7,000 €
PROPERTY MARKET FOR CITIZENS OUTSIDE THE EUROPEAN UNION
REQUIRED DOCUMENTS
FOR ALIEN’S LEGAL ACTS IN BORDER REGIONS
A. NATURAL PERSONS OUTSIDE THE EUROPEAN UNION - THIRD COUNTRIES
· Application reporting the applicant’s details, contact details (of the applicant or his/her attorney), property’s detailed description, the purpose for which the property will be used and a relevant declaration that in the property no military facilities exist.
· Brief Curriculum Vitae in the Greek language or in an official certified translation.
· Valid Passport Copy translated and certified by a relevant Authority or Lawyer.
· Criminal Record Certificate, with a certified translation (in case of Albanian nationals, relevant document by the Court of First Instance and from the Prosecution Service of his/her District in Albania).
· Formal Declaration of L.1599/1986, to which the applicant will declare that has not been referred to a trial, is not prosecuted and that he/she agrees with the examination of sensitive and private data by the State Authorities of Greece with a possible interview.
· Topographic plan of the property at a proper scale (1:200 or 1:500) certified by an Engineer.
· Extract of an aerial photography or Google of the wider area with the property’s position noted, certified by an Engineer.
In case where the applicant is a Greek resident
· Copy of the residence permit
In case where the applicant has authorised a third party for the submission and signing of the documents of his file:
· Power of attorney
B. APPLICANTS OF GREEK DESCENT
· Application reporting the applicant’s details, contact details (of the applicant or his/her attorney), property’s detailed description, the purpose for which the property will be used and a relevant declaration that in the property no military facilities exist.
· Brief Curriculum Vitae
· Valid Passport Copy (translated and certified by a relevant Authority or Lawyer).
· Certificate of parents’ Nationality or copy of the Greek National living abroad ID.
· Topographic plan of the property at a proper scale (1:200 or 1:500) certified by an Engineer.
· Extract of an aerial photography or Google of the wider area with the property’s position noted, certified by an Engineer.
In case where the applicant has authorised a third party for the submission and signing of the documents of his file:
· Power of attorney
C. LEGAL PERSONS OF PRIVATE LAW
· Application by the company’s legal representative reporting the applicant’s details, contact details (of the applicant or his/her attorney), property’s detailed description, the purpose for which the property will be used and a relevant declaration that in the property no military facilities exist.
· Company’s Article of Association for its registration to the relevant commercial registry according to the existing legislation.
· Balance Sheets of two (2) former financial years.
· Member list of the company’s BoD stating the specific property of each one of them.
· No bankruptcy certificate
· Declaration for the capital’s form and the main shareholders or partners
· Topographic plan of the property at a proper scale (1:200 or 1:500) certified by an Engineer.
· Extract of an aerial photography or Google of the wider area with the property’s position noted, certified by an Engineer.
· Partners or BoD Members’ passport copies.
The aforementioned documents will be submitted in one (1) original and three (3) certified copies.
You can also download the file in PDF format