Required electronically via myProperty application now presented initial and amending declarations of inheritance for deaths occurring since 01/01/2022.

On the contrary, in paper form they are still submitted either through the application “My requests” tentatively:

1. Announcements regarding real estate outside of AFAR.

2. Tax deferral declarations.

3. Declarations with movable property of any kind or in cash and the payment of tax is not guaranteed from the property of a responsible heir, for which the taxpayer provides security or a bank guarantee letter to confirm the tax in installments.

4. Declaration of inheritance of the usufruct passing, in connection with the death of the usufructuary, to the small owner who has bought the small property, for which he is liable to tax on the remaining tenths of the value of the full property.

Inheritance tax is borne by the heir and is paid up to 12 equal installments every two months.

5. Initial claims that the total value of the assets of each declaration is less than the total value of the liabilities of the same declaration of inheritance.

Taxpayers should be aware that inheritance tax is borne by the heir and is paid up to 12 equal installments every two months (or up to 24 if it is a minor debtor), each of which cannot be less than 500 euros (except the last one). . The first installment is paid on the last working day of the month following the certificate/issuance of the act, and subsequent installments – on the last working day of the next two months.

If the debtor pays all the tax on time to pay the first two-month payment, he is entitled to a deduction of 5%. If the tax received is less than 500 euros, the amount is paid once and without discount. If the declaration concerns only movable property and tax payment is not guaranteed, the tax is confirmed and paid once within three days after confirmation, and in case of late amendments to the declaration, the tax is paid at a time within 30 days. without deduction.

It is noted that the inheritance is not taxed up to the amount of 150,000 euros for relatives of the first category (spouse, parents, children, grandchildren), while for the surviving spouse, a special tax-free inheritance tax of 400,000 euros is applied (after 5 years of marriage). ) and his minor children. The tax-free limit on first residence is €200,000 for each minor or unmarried heir and up to €250,000 for a married person or those who have entered into a cohabitation agreement. The exempted value for married or cohabiting persons is increased by €25,000 for each of their first two children and by €30,000 for their third and each of their subsequent children.

As a reminder, inheritance tax is levied on any property located in Greece and owned by citizens or foreigners, as well as movable property located abroad and owned by a Greek citizen or a foreign citizen who had a place of residence in Greece. The heir or legatee, or their legal representative, is responsible for filing an inheritance tax return. An inheritance tax return must be filed within 9 months of death if the heir died in Greece, or within one year if the heir died abroad or the heirs or heirs were resident abroad at the time of death.