Extends for this year as well, the tax relief for those who upgrade energy, functional or aesthetically to the residence their.
By decision of Finance Minister Kyriakos Pierrakakis, the tax deduction of up to EUR 3,200 per year and for five years for the renovation or repair of houses will apply for 2025, following the request made by the Pan -Hellenic Federation of Real Estate Owners (POMIDA).
The tax reduction can reach even EUR 16,000 by 2030, as long as the relevant expenditure is paid by electronic means of payment.
The applicable legislative framework provides that the costs are divided equally over five years and reduce the corresponding income tax, up to the total limit of EUR 16,000. It is noted that costs for materials are taken into account by 1/3 of the amount available for the value of the services.
The calculation of the discount
According to the applicable measure, the tax deduction is calculated as follows:
- If one spends 16,000 euros in 2025 on renovating his home, he will save a total of 16,000 euros in taxes, divided into 3,200 euros per year, from 2026 to 2030.
- If the costs amount to 20,000 euros, the maximum tax deduction will remain at 16,000 euros. That is, the additional 4,000 euros are not taxed.
- In the event that the taxpayer shall pay costs of EUR 15,000, he will secure a tax deduction of EUR 3,000 per year for five years.
- If work costs 12,000 euros, then taxation will reach 2,400 euros a year, ie a total of 12,000 euros by 2030.
- For the expense of 10,000 euros, the tax deduction will be 2,000 euros a year. If, for example, the income tax on 2026 is 3,000 euros, then, with the deduction, the owner will pay only 1,000 euros.
- If one spends 8,000 euros on work, they will reduce their tax by 1,600 euros each year.
- At € 5,000, the annual tax deduction is EUR 1,000, while in the event of an expense of EUR 3,000, the annual benefit reaches 600 euros.
Conditions
To grant the discount should:
- Expenditure has been paid by electronic payment means and to be accompanied by the corresponding documents (invoices or receipts), with reference to the type, value of the service, facial details (name, VAT ID) and property details (ATAK). In public areas, the address is sufficient.
- Expenditure should not have already been included in a program such as ‘renovate’ or ‘save’, have been carried out in 2025, relate to real estate in Greece, and benefits come from businesses with tax housing or permanent establishment in Greece.
- Expenditure should not have been deprived as a business expenditure for those who do business.
- If the property is co -owned, the discount threshold is adjusted based on the rate of ownership. In the case of usufruct or ownership, the deduction is limited to the relative value of the right.
- For public spaces of apartment buildings, expenditure paid by the administrator by electronic means of payment or through provider of services are distributed by millimeters of co -ownership. The manager issues a certificate with the ATAK of each apartment involved.