Taxes and filings when purchasing
AADE states that real estate transfer tax generally falls to the buyer and is dealt with before the transfer contract. The taxable value, exemptions, transaction structure, and current rules must be checked for the specific purchase.
- Ask for a written estimate based on the agreed price and taxable value.
- Confirm whether VAT or another treatment could apply to the property.
- Check who submits the declaration and when payment must clear.
Annual ownership tax and the E9 record
AADE describes ENFIA as an annual tax calculated from Greek real estate held on 1 January and the information recorded in the E9 property declaration. Foreign residents also have E9 obligations.
- Confirm that the property details recorded after completion are accurate.
- Review ownership percentages, floor area, use, ancillary spaces, and rights.
- Calendar assessment and payment dates with your accountant.
Rental income and operating obligations
Short-term and long-term rental plans can create registration, declaration, income-tax, and operating obligations. Building rules and local restrictions may also affect the plan.
- Model net income after tax, management, utilities, cleaning, vacancy, and repairs.
- Confirm the correct registration and reporting route before advertising.
- Keep complete income and expense records.
Future sale, inheritance, and ownership structure
The way a property is owned can affect administration, succession, financing, and future transfer. Rules can change, so review the structure before purchase rather than trying to repair it later.
- Discuss personal versus company ownership with qualified advisers.
- Ask about succession planning and powers of attorney.
- Keep certificates, permits, invoices, and tax records ready for a future buyer.
Questions for your Greek accountant
Ask for advice in writing and tied to your facts.
- Which acquisition taxes and filing deadlines apply?
- What E9 and ENFIA steps follow completion?
- How will rental or other income be reported?
- What records should be retained and for how long?
- What changes if residency, ownership, or use changes?
Frequently asked questions
Do foreign owners pay ENFIA?
AADE states that foreign residents with Greek property have E9 and ENFIA obligations. The assessment depends on the property record and current rules; confirm the amount with a Greek accountant.
Is property transfer tax always based on the sale price?
The applicable taxable value and treatment depend on the transaction and current law. Ask the notary and accountant to calculate it for the exact property before signing.
Does renting a Greek property create additional tax duties?
Rental activity can create registration, declaration, income-tax, and record-keeping obligations. The correct treatment depends on the rental model and owner.
Are online tax estimates enough for budgeting?
No. Use online information as orientation, then obtain a property-specific written estimate from a qualified adviser.