Inheritance Tax

Συμβολαιογραφικές & Νομικές Υπηρεσίες

 

The taxation of inheritance depends on the degree of kinship or not among inheritors and inherited party and on the total value of the assets inherited. In the case where there is kinship between inheritors and inherited party and depending on the degree thereof there is a tax exemption limit, which is defined each time by the taxation law. Beyond the taxation limit, the inheritance is taxed on a scale and always in accordance with the applicable taxation Law each time.

In the case where there is no kinship between the inheritors and the party being inherited (lack of kinhsip), the inheritance does not have tax exemption limit, but it is taxed in accordance with the inheritance scales set forth by the applicable tax Law each time.

Current tax scale for inheritance:

Category I (spouse-children - grandclildren - parents):

Tax Scale Rate Tax Step Property Value Tax
150.000,00 €  0%  0 €  150.000,00 €  0 € 
150.000,00 €  1%  1.500,00 €  300.000,00 €  1.500,00 € 
300.000,00 €  5%  15.000,00 €  600.000,00 €   
Excess  10%       

 

 

 

 

• Established special up inheritance tax 400,000 euros for the surviving spouse (after 5 years marriage and minor children) according to Ν.3815/2010 άρθρο 25 παρ. 2).

Category II (other descendants and ascending - brothers - 1st uncles):

Tax Scale Rate Tax Step Property Value Tax
30.000,00 €  0%  0 €  30.000,00 €  0 € 
70.000,00 €  5%  3.500,00 €  100.000,00 €  3.500,00 € 
200.000,00 €  10%  20.000,00 €  300.000,00 €  23.500,00 € 
Excess  20%       

 

 

 

 

Category III (other relatives - foreign):

Tax Scale Rate Tax Step Property Value Tax
6.000,00 €  0%  0 €  6.000,00 €  0 € 
66.000,00 €  20%  13.200,00 €  72.000,00 €  13.200,00 € 
195.000,00 €  30%  58.500,00 €  267.000,00 €  71.700,00 € 
Excess  40%       

 

 

Usual documents required:

• Death certificate.
• Certificate of next of kin, which issued by the competent Municipality

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