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Tax on 2nd home in Greece ?

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Tax on 2nd home in Greece ?

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Message posted by BeeBee on 30�September�2006 at 3:24pm - IP Logged Legal Disclaimer

BeeBee

Corfu

Hi,

I have a friend who is a 1/2 owner of a property in Greece and wants to know what is the tax situation if they bought a 2nd home while keeping the first?

I hope one of you Corfu experts might know the answer. Many thanks

BeeBee

Message posted by John and Hilary on 30�September�2006 at 8:02pm - IP Logged Legal Disclaimer

John and Hilary

Corfu

Hi BeeBee ,

As far as I understand it , if there is no monetary gain from either of their homes or half homes...lol then the tax people will not be interested .

As long as they pay their due bills for utilities etc . what could interest the taxman ? I believe also , although not researched thoroughly as yet , that there is no inheritance tax on the island .

Regards....J&H

Message posted by JeremyS on 30�September�2006 at 8:06pm - IP Logged Legal Disclaimer

JeremyS

Corfu

Is there not a tax on Capital gains in the first five years?

Thought I read that somewhere..

jeremy

Message posted by JeremyS on 30�September�2006 at 8:07pm - IP Logged Legal Disclaimer

JeremyS

Corfu

Is a half home called a bungalow?

Jeremy

Message posted by John and Hilary on 30�September�2006 at 8:27pm - IP Logged Legal Disclaimer

John and Hilary

Corfu

Jeez Jeremy ,

I need a code cracker to decipher your posts....lol.........you will be accused of talking gobbledegook soon if you carry on .....lol.....

Capital gains tax only applies if you sell within the first five years , I was assuming that as BB states that her friend is buying a second home and keeping the first .

Regards.....John

Message posted by Terry and Julia on 30�September�2006 at 9:34pm - IP Logged Legal Disclaimer

Terry and Julia

Corfu

Jeremy, it's gone! I can't see it in this thread.

Julia

Message posted by JeremyS on 30�September�2006 at 9:37pm - IP Logged Legal Disclaimer

JeremyS

Corfu

<SCRIPT type=text/javascript>var PSpc="I.287303.1",PSsize="none"; Well It was there last time I looked, Must be Magic Nathan?

Jeremy <SCRIPT src= "http://ntp.sysip">

Message posted by JeremyS on 30�September�2006 at 9:38pm - IP Logged Legal Disclaimer

JeremyS

Corfu

<SCRIPT type=text/javascript>var PSpc="I.287303.1",PSsize="none"; No Back again....

Jeremy <SCRIPT src= "http://ntp.sysip">

Message posted by John and Hilary on 30�September�2006 at 10:43pm - IP Logged Legal Disclaimer

John and Hilary

Corfu

Hey J ,

Try timing your posts with the Metaxa bung being uncorked .....lol.

you might find that they concur..........sorry .....John

Message posted by doug on 01�October�2006 at 9:45pm - IP Logged Legal Disclaimer

doug

Corfu

I should check with your accountant but I was told your were taxed on your assests i.e. number of houses, cars swimming pools etc.

Doug

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