Greece to suspend implementation of 15% capital tax on property transactions

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Greece to suspend implementation of 15% capital tax on property transactionsThe government aims to avoid imposing any additional burdens on the real estate market

The Greek government will suspend the implementation of a 15 pct capital tax on real estate property transactions, ANA reported on Tuesday.

The sources said that the government was expected to table an amendment to Parliament that suspends the implementation of a capital tax on real estate property transactions by December 31, 2019. The tax was legislated in 2014 but has not yet been implemented. The government aims to avoid imposing any additional burdens on the real estate market.

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Photo Source: Wikimedia Commons Copyright: Tilemahos Efthimiadis  License: CC-BY-SA 

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