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Plans for extension of property tax breaks
GR🏛️ PoliticsCenter19 hr. ago

Plans for extension of property tax breaks

The Greek government is considering extending two tax exemptions related to the real estate sector: the suspension of the 24% value-added tax on newly built properties and the 15% capital gains tax on property transfers. These measures, which were initially implemented to stimulate construction activity and stabilize the housing market, are set to be included in a broader tax intervention package to be announced at the Thessaloniki International Fair in September. The decision to extend these exemptions is part of ongoing efforts to maintain current market conditions, despite calls for their reinstatement as part of normal tax legislation. Analysts note that while both taxes could affect property prices, the capital gains tax has a less direct impact due to its application to sellers rather than buyers.

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ekathimerini.com logoekathimerini.comIndependentCenter19 hr. ago
Plans for extension of property tax breaks

The Greek government is considering extending two tax exemptions related to the real estate sector: the suspension of the 24% value-added tax on newly built properties and the 15% capital gains tax on property transfers. These measures, which were initially implemented to stimulate construction activity and stabilize the housing market, are set to be included in a broader tax intervention package to be announced at the Thessaloniki International Fair in September. The decision to extend these exemptions is part of ongoing efforts to maintain current market conditions, despite calls for their reinstatement as part of normal tax legislation. Analysts note that while both taxes could affect property prices, the capital gains tax has a less direct impact due to its application to sellers rather than buyers.

Bias read (Center): The article presents the government's consideration of extending tax breaks without overtly endorsing or criticizing the policy. It provides balanced information about the potential impacts of reinstating the taxes, citing arguments from market players and analysts. There is no clear ideological sl抗

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