The deadline for transactions based on the old objective values will be extended
The deadline for transactions based on the old objective values will be extended

The deadline for transactions based on the old objective values will be extended

Loads of applicants in the notary offices, tax offices, mortgage offices and cadastral offices.
RE+D magazine
09.12.2021

The Ministry of Finance is planning an extension of one month for the transfer of real estate based on the old objective values.

According to what the Minister of Finance Christos Staikouras stated earlier today, speaking on the radio station "Parapolitika", in the next few days a legislative regulation will be submitted according to which a realistic extension will be given.

Thus, based on the extension, which the Ministry of Finance is preparing to give, it will be easier for taxpayers who do not manage to collect the documents and certificates required for real estate transfers and risk being burdened with additional taxes, due to the increase in fair values. and 250% in over 7,000 areas as of January 1st.

It should be noted that in recent days, the inseparable prevails in notary offices, tax offices, mortgage offices and land registry offices, as taxpayers rush to close their cases and sign a contract by the end of December.

Finally, let us emphasize that the declarations for buying and selling real estate are submitted electronically on the myProperty platform of AADE, while next week AADE is expected to open the platform for the electronic submission of the declarations of parental benefits and donations.