By Prokopis Chatzinikolaou
The Ministry of Finance proceeded with the exemption from additional surcharge of the owners who own very small percentages of co-ownership in plots with an amendment submitted to the Parliament yesterday.
A few days before the payment of the first installment, the government makes corrections in order to remove distortions created by the new scales that increase the tax for those who have rights to real estate worth more than 400,000 euros.
According to information, the change made by the financial staff concerns about 13,000 ENFIA cases for which ENFIA reached very high levels and this is because someone had the right to own from 1 to 5% in a plot.
The amendment submitted to the Parliament stipulates that: “EN.F.IA is not calculated in a right on a plot, with or without a building, when the percentage of co-ownership of the taxable person on the said plot does not exceed 5%. The right to the plot is taken into account for the total value of the property, but is not taken into account for the application of the tax rate per step of value. tax is issued until May 20, 2022, the first installment is paid until May 31, 2022.
It is noted that in properties worth more than 400,000 euros, a tax is imposed per property calculated at a rate of 0.2% up to 1%. Based on the amendment, those who have the right up to 5% on a plot with or without a building worth more than 400,000 will not activate this scale. The scale for calculating the tax is as follows:
– 400,000.01-500,000 tax 0.20%
– 500,000.01-600,000 tax 0.30%
– 600,000.01-700,000 tax 0.40%
– 700,000.01-800,000 tax 0.50%
– 800,000.01-900,000 tax 0.60%
– 900,000.01-1,000,000 tax 0.70%
– 1,000,000-2,000,000 tax 0.90%
– Over 2,000,000 1% tax
However, the small percentage will normally be counted in their total assets. If the property is greater than 500,000 the total tax is increased from 5% to 20% depending on its amount. The increase will be calculated with the following rates:
a) for real estate value up to 650,000 euros, by 5%
b) for real estate value up to 800,000 euros, by 10%
c) for real estate value up to 1,000,000 euros, by 15%
d) for real estate value from 1,000,000.01 euros and over, by 20%.