Inheritance Tax
Inheritance tax is applied to the Greek
property according the degree of relatives. For the A’ degree of relatives (children, parents, grandchildren, wife or husband)
the following tax bracket is applied:
Inheritance tax bracket for A’ degree relatives
A special untaxed limit of 400.000 euro is valid for the living husband/wife (after 5 years of marriage) and his/her underage children.
Inheritance tax bracket for B’ degree rest relatives (brothers,uncles,niece,etc)
Inheritance tax bracket for rest relatives and non-relatives
When someone between the two parties has disability over 67%, a reduction of 10% is imposed to all the above.
Property value €
|
Tax Rates
|
Taxes per value
|
Overall value
|
Overall tax
|
150.000
|
0%
|
0
|
150.000
|
0
|
150.000
|
1%
|
1.500
|
300.000
|
1.500
|
300.000
|
5%
|
15.000
|
600.000
|
16.500
|
Over
|
10%
|
A special untaxed limit of 400.000 euro is valid for the living husband/wife (after 5 years of marriage) and his/her underage children.
Inheritance tax bracket for B’ degree rest relatives (brothers,uncles,niece,etc)
Property value €
|
Tax Rates
|
Taxes per value
|
Overall value
|
Overall tax
|
30.000
|
0%
|
0
|
30.000
|
0
|
70.000
|
5%
|
3.500
|
100.000
|
3.500
|
200.000
|
10%
|
20.000
|
300.000
|
23.500
|
Over
|
20%
|
Inheritance tax bracket for rest relatives and non-relatives
Property value €
|
Tax Rates
|
Taxes per value
|
Overall value
|
Overall tax
|
6.000
|
0%
|
0
|
6.000
|
0
|
66.000
|
20%
|
13.200
|
72.000
|
13.200
|
195.000
|
30%
|
58.500
|
267.000
|
71.700
|
Over
|
40%
|
When someone between the two parties has disability over 67%, a reduction of 10% is imposed to all the above.
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