Making A Will
If a property is not in joint names, it is worth thinking about arranging for a Notary Public to make a Will, confirming ownership of the property, in black and white and in Greek, should one partner die and the contract for the property is in the other partner’s name.
Making a Tax Declaration
The year after purchasing your property or land, you will need to make a Tax Declaration via an accountant. This will also declare your property on the E9 form. Keep all receipts from the Bank proving the money for which you purchased your property, was imported into Greece. These receipts will go with the tax declaration and ensure you are not liable for income tax. Unless you are resident in Greece or in the years following, purchase a car, motorbike, boat or other property or land, you should not need to complete another Tax Declaration form. It is probably worth checking with your accountant every year, in case of law changes.
By law, the construction of a property, re-building, extensions and so on, where the face of the building is changed, require a Building Permit. Should you purchase a property in order to re-build it, extend it externally, or actually build a property without a Building Permit, then you will have problems when it comes to re-selling it.
Please also see our links IKA OBLIGATIONS and IMPORTANT TIPS if you are thinking of purchasing an older property or ruin and renovating yourself.