The law proposal passed by the Plenary of the Parliament<\/p>\n
<\/p>\n
The Plenary of the Parliament unanimously passed a law that exempts from the payment of the 0.4% fee for the purposes of the Central Body of Equal Distribution of Burdens, people who sold real estate or transferred shares for the purpose of paying off a Non-Performing Loan.<\/p>\n
The relevant law proposal was submitted by the MP of DIPA – Cooperation, Alekos Tryfonidis.<\/p>\n
Specifically, the law that was passed retroactively exempts the borrower from paying the fee, when the proceeds of the sale of real estate or the transfer of shares are used to pay part or to pay off a non-performing loan in the context of the restructuring.<\/p>\n
There is also an undertaking by the Tax Department that the fees already paid during the period between February 22, 2021 and November 17, 2022 will be refunded to the persons who have already paid them during the period in question, since the price from these sales has been used to reduce or paying off their non-performing loans.<\/p>\n
The MP Alekos Tryfonidis stated that with this specific legislation a gap that existed in the law is covered and 3000 borrowers who provided their property for restructuring purposes are helped.<\/p>\n
AKEL MP Nikos Kettiros stated that in the case of restructuring, they are relieved of a burden which, however, is a big one for them. However, as he said, this tax is 400 euros on the sale of a property of 100,000 euros and some, even millionaires, found an opportunity and exerted pressure so that there would be an exemption for everyone from February 2021 to November 2023.<\/p>\n
The MP of the Environmentalist Movement – Cooperation Stavros Papadouris said that although the amounts are small, when tax relief is given by the Land Registry and after some years 30,000 letters are sent and they are told that they owe, this is a wrong procedure.<\/p>\n
The individual socialist MP Kostis Efstathiou congratulated Mr. Tryfonidis and gave credit to the Refugee Committee for ending a backlog for which, he said, Parliament was not responsible, but the executive's delay in implementing the law.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The fact described in the text is that the Greek Parliament unanimously passed a law exempting individuals who sold real estate or transferred shares for the purpose of repaying Non-Performing Loans from paying a 0.4% fee to the Central Body for the Equal Distribution of Weights . The law also includes a commitment from the Tax Department to refund fees already paid between February 22, 2021, and November 17, 2022, if the proceeds from these sales were used to reduce or repay their non-performing loans. The law aims to assist 3,000 borrowers who provided their assets for restructuring purposes.<\/p>\n","protected":false},"author":2,"featured_media":1965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3,287],"class_list":["post-1964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cyprus","tag-real-estate"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n