The session was moderated by Prof. Yiannis Drosos.
The first presentation was delivered by Mrs. Maria Menounou, Head of the Real Estate Taxation Directorate of the Independent Authority for Public Revenue, who presented the tax treatment of real property under inheritance and gift tax legislation.
The second presentation was delivered by Mrs Evgenia Pristouri, Head of Unit at the Dispute Resolution Directive of the Independent Authority for Public Revenue who examined the issue of challenges to the administrative value of real property.
Mrs Kontogeorgou, Notary Public, presented the topic of taxation of the transfer of real property.
My presentation focused on the issues that arise from the application of the Special Tax on Real property that applies to legal entities that own real property in Greece. this tax, which amount annually to 15% of the value of the property, applies to legal entities that do not disclose their ultimate beneficial owners to the Greek tax authorities. Although the tax serves a legitimate purpose, i.e. combating tax evasion and tax abuse, still care must be taken that proportionality is respected and that it does not go beyond what is necessary to achieve its purpose.
The last presentation by Mr. Christos Krigas, accountant, raised the issues of taxation of income from real property.
You can see the full program of the conference here.