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Taxation Heritage - Donations - Parental Benefits

The taxation of legacies, donations and parental benefits is divided into three categories, each of which provides a different tax, depending on the degree of kinship between the deceased and the inheritant. The categories are:

D.1 A Category

Belonging spouses, people who have signed a civil partnership, children, grandchildren and parents.
Inheritance tax is paid for each asset, according to the following table:

Branch property Tax Rate Tax Bracket Total Asset Value Applicable Taxation
150.000,00 0% 0,00 150.000,00 0,00
150.000,00 1% 1.500,00 300.000,00 1.500,00
300.000,00 5% 15.000,00 600.000,00 16.500,00
Εxcess 10%
  • Applies a special tax-free inheritance limit 400,000 € for the surviving spouse (after 5 years of marriage) and their minor children.
  • Informal donations or parental benefits (without written agreement) money in that category are taxed off scale at 10% and non-taxable limit.

D.2 B Category

Belonging brothers, nephews, grandmother, grandfather, grooms, brides, laws, uncles, great-grandfather, the great-grandmother and great-grandchildren.

Inheritance tax is paid for each asset, according to the following table:

Branch property Tax Rate Tax Bracket Total Asset Value Applicable Taxation
30.000,00 0% 0,00 30.000,00 0,00
70.000,00 5% 3.500,00 100.000,00 3.500,00
200.000,00 10% 20.000,00 300.000,00 23.500,00
Εxcess 20%
  • Informal money donations or parental benefits in that category are taxed out of scale with the rate of 20% tax-free and without limit.

D.3 C. Category

Owned taxpayers by blood or marriage relatives of the donor (other than above) or exotic (outside the family).

Inheritance tax is paid for each asset, according to the following table:

Branch property Tax Rate Tax Bracket Total Asset Value Applicable Taxation
6.000,00 0% 0,00 6.000,00 0,00
66.000,00 20% 13.200,00 72.000,00 13.200,00
195.000,00 30% 58.500,00 267.000,00 71.700,00
Εxcess 40%
  • Informal money donations or parental benefits in that category are taxed out of range by a factor of 40% and non-taxable limit.

The payment of tax is certified in 12 equal bimonthly installments,
each of which may not be less than € 500.

D.5 Deadline For Declaration Heritage

The inheritance declaration is done (from the date of death) within:

  •  Six (6) months if the deceased died in Greece and
  •  One (1) year, if the deceased died abroad or if the heir or legatee lived abroad during the deceased decease.

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