Registry changes realty taxation and benefits

For years successful Greece, benefits related to housing, rent, onshore and assets were chiefly based connected declarations by citizens themselves. An E9 tax form, a tax return, a lease oregon a sworn statement sufficed to unfastened the way for subsidies, tax exemptions and assistance worth thousands of euros. This is changing radically.

With the activation of the Property Ownership and Management Registry (MIDA), the state is entering a caller epoch of afloat integer mapping of existent property and automated cross-references. Everything will present spell done a single power mechanics that will let the tax medication to cognize who has what, who lives where, and the rental income. That will see lodging allowance and rent refund, ENFIA [property tax] exemptions, student lodging allowance, the “I Renovate – I Rent” programs, and cultivation subsidies.

MIDA, which will beryllium activated by the extremity of June, arsenic reported by the Independent Authority for Public Revenue, is not conscionable different online platform: It is the country’s archetypal broad existent property database, where information from E9, the National Cadastre, rental agreements, income statements, energy bills, municipality readying and different state services will beryllium collected and cross-referenced. 

For the archetypal time, the state will person a single representation of each property, its existent owner, whether it is inhabited, bare oregon rented, if it is used arsenic a main residence oregon declared otherwise successful various services.

The large alteration is that until present galore benefits were chiefly based connected what citizens declared, while successful respective cases antithetic information appeared successful the onshore registry and successful E9. From present on, however, the information will beryllium consolidated. This means lodging benefits will present beryllium monitored overmuch much strictly. The state will beryllium capable to find whether a spot declared arsenic rented is really habitable, if it is really used by the beneficiary oregon if it simultaneously appears arsenic bare oregon adjacent arsenic a short-term lease.

Perhaps the astir profound alteration concerns the cultivation assemblage and cultivation subsidies. For decades, particularly successful the countryside, E9 functioned astir arsenic a substitute for the Cadastre. In galore areas, the boundaries of fields were unclear, spot titles were incomplete and declarations were often made randomly. That will each change.