Grace period for semi-hypaethral areas

An extension until December 28th is given for the submission of justificatory reports to the urban planning commission for retaining the building areas that have purpose-shifted, such as semi-hypaethral areas, according to a new amendment submitted in the Greek parliament.

Furthermore, according to the same amendment, a grace period is given for the payout of the fine levied on the discovered discrepancies of buildings, as well as an increase in the number of installments required for full repayment of said charges.

More specifically, the levies that concern residential buildings will be paid within 30 months while for non-residences the installments require payment within 32 months, with the activation of law 3843/2010. Payment will be made in eight of ten equal installments, the first beginning within 12 months of the introduction of the law.

In addition, in thecase of an one-off payment for the first installment, a 10% discount is to be provided, while for the areas that will remain semi-hypaethral there is a provision in the law that there will be no back taxes required. Also, for the aforementioned areas there is no accordance with, or relevance to the newly introduced insurance laws.

Especially as far as the real-estate tax resolution and the submission of real-estate data are concerned, the areas contained therein are still under the scrutiny of taxation, as they were before their resolution.

Last but not least, the change in purpose of real-estate that is incurred under the amendments of the new law is not taken into account for the summation of the payments required by the borough.