Cap­i­tal gains tax on prop­erty trans­ac­tions set for an­other post­pone­ment

Kathimerini English - - Focus -

of the cap­i­tal gains tax in prop­erty sales is to be post­poned for an­other year, as the Fi­nance Min­istry is prepar­ing an amend­ment that will likely ex­tend its sus­pen­sion from end2016 to end-2017. The tax, voted into law in 2013, ran into a se­ries of prob­lems and has been re­peat­edly sus­pended. Its non­ap­pli­ca­tion means the prop­erty mar­ket, which al­ready con­trib­utes some 3.7 bil­lion eu­ros a year to the state bud­get, will avoid the ad­di­tional tax bur­den for one more year. The Hel­lenic Fed­er­a­tion of En­ter­prises (SEV) called yes­ter­day for a drop in prop­erty tax­a­tion, be­cause as things stand, the con­struc­tion sec­tor will be un­able to re­cover.

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