For property located in Greece, Greek inheritance tax will apply.
The rate of the transfer tax depends on value of the property and the relationship between the deceased (the person who has died) and the beneficiary (the person inheriting).
Greek inheritance tax rates
From parents to children (including grandparents and grandchildren) and vice versa as well as between spouses,
- For a value up to €150,000 - 0%
- For a value up between €150,001—€300,000—1%
- For a value between €300,001—€600,000—5%
- For a value higher than €600,001—10%
For the spouses, when the marriage has lasted at least 5 years, and children under the age of 18, the tax-free amount is up to €300,000.
Between siblings and other close relatives
- For a value up to €30,000—0%
- For a value between €30,001—€100,000—5%
- For a value between €100,001—€300,000—10%
- For a value higher than €300,001—20%
Need help with inherited property in Greece?
Our UK-based team of property lawyers are highly experienced in helping clients who have inherited property in Greece, including where you wish to keep the property or plan to sell the property you have inherited.
If you own property in Greece, we can also help you with making a Greek Will.
With a thorough understanding of both UK and Greek law, we can provide clear, reliable legal guidance in plain English, giving you the confidence to deal effectively with inherited property in Greece.
Call: 01438 840 258 Email: firstname.lastname@example.org