Her main proposals for reforms in taxation real estatewhich, among other things, intended to increase the housing supply for lease, has been delivered by the Pomida to the political leadership of the Ministry of Finance, in the context of the public debate on the matter.
At a meeting of the POMIDA Bureau with the Deputy Minister of State Mr. George Kotsiras, he analyzed her proposals related to income taxation and ENFIA, the costs of upgrading real estate, the extension of the tax free of the tax benefits to the “hereditary contracts” to the “hereditary contracts”. Communist spaces of apartment buildings and other topical issues.
The full text of the relevant memorandum is as follows:
“To the Minister of National Economy and Finance Mr. Kyriakos Pierrakakis
The Deputy Minister of Finance Mr. George Kotsiras
April 14, 2025 here
SUBJECT: POMIDA’s proposals for the necessary reforms in property taxation
Honorable Mr. Minister, Deputy Minister,
In view of the launch of public debate on reforms and real estate taxation, we summarize our main proposals, of which the first three will result in a significant increase in housing supply for lease:
1. Equipment of tax scales and tax rates of lease with the other two scales of natural personsand in particular with the income tax scale of individual businesses/freelancers.
2. Three -year tax exemption of vacant houses etc.: In order to deliver a large number of houses for lease to the market, this important measure is immediately needed:
- Reduce the emptiness of the residence from three years to 18 months,
- About three years as a minimum limit of the lease so that those who have the most difficulty of finding residence, namely seasonal staff, alternate teachers, agricultural doctors, military and security executives, etc. are excluded as renters.
- Deleting the tax loss order if the residence is vacated during the lease three years, so as not to be the tenant’s hostage “hostage”.
3. Expenditure of Real Estate Upgrade: Immediate issue of JMD for the terms of granting the costs of work and materials of 2025, up to EUR 16,000
4. Remove any form of supplementary tax in ENFIAa 3% discount on its lump sum. Not in its management and collection by the municipalities.
5. Extension of the tax free of EUR 800,000 to hereditary succession and to the new living in hereditary contracts. Abolition of real estate distribution tax between an indivisible synods of up to second degree.
6. Complete exemption of preserved buildings from ENFIA and taxation measures for their owners for their restoration costs.
7. Possibility of postponing taxation of unpaid property use compensation.
8. Independent taxation of apartment buildings for the rents of their communal spaces. “