Minoan Properties Real Estate Agency Crete

Contact Maria Havaledaki on +30 28250 32272

QR Code

Capital gain tax to most of the sellers

Posted on Jun 20, 2014 by subrion

Capital gain tax



  • The following post is not a legal interpretation of the applicable law, and should not be used as such. This post is a layman’s guideline only. For valid legal advice, please contact a qualified lawyer. If you do not know a lawyer qualified to give you legal interpretation for your queries, please contact us and we will supply you with a list of qualified lawyers and accountants and their contact detailsinfo@minoan-properties.com

Capital gain deriving from transfer of capital is taxed at the rate of 15%
and refers to:

• Capital gains from the transfer against consideration of real  estate or
part thereof or encumbrance on real estate or part thereof or holding
attracting more than 50% of its value directly or indirectly from real
estate and

• Capital gains from the transfer of securities provided that such
transfers are not classified as business activities. The above does not
apply to capital gains arising from corporate restructuring /

The new provisions apply to capital gains from transfers of real estate and
transfers of securities taking place from 1.1.2014 onwards.

Capital gains tax from the transfer of real estate is withheld by the
Notary Public, whereas an exemption applies for capital gains up to Euro
25,000, provided that the respective property has been retained for at least
five years, and no other transfer of real estate has been effected within
the retention period.

Transfer of real estate has the meaning of transfer of ownership or bare
ownership, of usufruct’s constitution, habitation or other easement’s
constitution, waiver of ownership or of other rights on real estate,
expropriation of real estate, the sale of real estate as a result of
voluntary or judicial auction, the transfer of a right related to building
coefficient ratio. The law recognizes limited exceptions to the concept of

Capital gain has the meaning of the difference between the acquisition
price paid by the taxpayer and the deflated transfer price paid to him. The
acquisition price is considered to be the price as stated in the notarial
deed or the actual purchase price as evidenced or, in absence thereof, the
value upon which the real estate transfer tax was calculated. In case that
the acquisition price cannot be calculated, it is considered as nil. The
transfer price is considered to be the consideration as stated in the
notarial deed. The i) capital gain from a building constructed with expenses
of the lessee and ii) capital gain from bare ownership of real estate are
determined in a special manner. The resulting capital gains are adjusted by
applying an age coefficient determined as follows:

Years of retention

Years of retention

From 1 to 5


More than 10 and up to 15


More than 15 and up to 20


More than 20 and up to 25


More than 25



No tags added.



This count started on 09-02-2015

Recent Real Estates


Kefalas , a very beautiful stone house with magnificent unobstructed views of the sea.

275,000 EURO Reduced To 269,000 EURO

Kefalas, Chania 73008

Ref_ID: 599K

This is a Fix price ! This 140sqm house is constructed in stone and has large balconies and...

Kalyves Apokoronou

Kalyves ,Two bedroom modern apartment for rent with garden

600 EURO

Kalyves, Chania 73003

Ref_ID: 804K

This apartment is located in Kalyves next from the sea . It is 85 square meters but has been...


A beautiful house near the centre of the seaside village of Kalyves.

Kalyves, Chania 73003

Ref_ID: 749K

A beautiful house near the centre of the seaside village of Kalyves. This 2-bedroom house...


Kalyves,luxury Apartment for rent 100 meters from the beach with sea view

1,100 EURO Reduced To 1,000 EURO

Kalyves, Chania 73003

Ref_ID: 480X

Location!!!! Panoramic view !!! Beautiful home . A very beautiful and large house 145 sqm...


Kalyves. A nice apartment at the sea side with sea view

650 EURO

Kalyves, Chania 73003

Ref_ID: 809K


Lovely apartment in Kalives with sea view

400 EURO Reduced To 360 EURO

Kalyves, Chania 73003

Ref_ID: 062Y

Excellent opportunity for long term rental in north west Crete.This nice one bedroom apartment...


Tsivaras, a wonderful traditional house on a large plot.

128,000 EURO

Tsivaras, Chania 73003

Ref_ID: 714T

A wonderful traditional house on a large plot. This property is located in the beautiful...


Gavalochori, 3 bedroom detached house for sale

265,000 EURO Reduced To 249,000 EURO

Gavalochori, Chania 73007

Ref_ID: 710G

This fully furnished 3 bedroom villa is 134m2 with wood vaulted ceilings on the first floor. The...


Plaka, a 3 bedroomed house for sale with sea and mountain vew.

129,000 EURO

Plaka, Chania 73007

Ref_ID: 808P

This spacious 121 m2 village house is located at the centre of the very popular Cretan village of...


Plaka, A lovely two storey villa in with pool

320,000 EURO Reduced To 280,000 EURO

Plaka, Chania 73008

Ref_ID: 084M

Τhis two storey villa is in total 260 square meters included the basement area .On the ground...