Greece imposes property tax

LoadingFavourite

This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of angie angie 5 years, 2 months ago.

  • Author
    Posts
  • #56356
    Profile photo of Anonymous
    Anonymous
    Participant

    Greece is raising property taxes to plug the deficit (see article in The Guardian)

    Property is an easy target – you can’t move it. Expect property taxes to go up everywhere there is a deficit, including Spain.

    Zapatero is already talking about bringing back the wealth tax / patrimonio, which is basically a tax on property, as early as next Friday (see article in Spanish). He says it wont’ hit the middle-classes, but since when did politicians tell the truth?

  • #105744
    Profile photo of angie
    angie
    Spectator

    Do you have any idea of how much the property tax will be per property, and is it based on sq meterage, location, views etc? Also, whether this affects villas owned by overseas people who rent them out as holiday lets?

    Only asking as the article doesn’t appear to mention figures.

  • #105747
    Profile photo of Anonymous
    Anonymous
    Participant

    Apparently the charge (which will be collected via electricity bills) will be between 50 cents and 10 euros according to value of property and will apply for two years. The charge will apply to every property irrespective whether the owner is overseas or if it’s a holiday let.

    There is now the threat of industrial action in protest at PPC (Public Power Corporation) being used to collect this tax….
    http://www.reuters.com/article/2011/09/12/greece-tax-labour-idUSL5E7KC0MY20110912

  • #104602
    Profile photo of Chris McCarthy
    Chris McCarthy
    Participant

    @Eileen wrote:

    Apparently the charge (which will be collected via electricity bills) will be between 50 cents and 10 euros according to value of property and will apply for two years. The charge will apply to every property irrespective whether the owner is overseas or if it’s a holiday let.
    There is now the threat of industrial action in protest at PPC (Public Power Corporation) being used to collect this tax….
    http://www.reuters.com/article/2011/09/12/greece-tax-labour-idUSL5E7KC0MY20110912

    Wow, never heard of that before, jeeze what a wheeze, collecting taxes through the electricity bills. You learn something new every day.

  • #105785
    Profile photo of angie
    angie
    Spectator

    Yes Chris, collecting taxes that way is ‘shocking’ 😆

    I’d have stuck it on Olive Oil 😉

You must be logged in to reply to this topic.