SURPLUS VALUE WILL BE COUNTED BY THE TAX OFFICE
According to the conclusion reached by the
leadership of the Ministry of Finance concerning the assessment and collection
of surplus value, the Tax Office will calculate the amount of tax and, afterwards,
notaries will receive it and deliver it to the State. Before signing the
contract, owners have to visit the tax office, which will calculate the surplus
value tax and issue the Debt Identity. Then, after the contracts are signed, the
tax will be withheld by the competent notary and deliver it to the State. This
decision will solve the problems now faced by the imposition of surplus value
tax, as the initial plan was that the notaries were responsible to calculate and
not only to collect the tax. Thus, the contracts for property purchase were
frozen until there was a clear pictures of the necessary procedures.
The Ministry of Finance’s conclusion will soon
be published, along with another one that will determine the acquirement price
for specific cases, such as quid pro quo compensation (Greek “Antiparochi”),
built properties and adverse possession.
Additionally there is a new measure that it is prohibited
the donation and transfer of property with parental benefit to the taxpayers
who have overdue debts. Due to the absence of a price in the case of parental
benefit and, in order to provide the tax clearance certificate to the owner so
to realize the transfer, the taxpayer with overdue debts is obliged to mortgage
the same or another property that he owns. In addition, the new rules
applicable from January 1st 2014 say that anybody who has not
submitted one of the required income statement during the last five year will
not have the right to parental benefit of donation of his properties.