Some spot owners successful Greece will beryllium capable to debar paying tax connected rental income for three years, if their location falls under the government’s caller semipermanent rental support program.
We are talking astir owners who 2025 brought antecedently bare apartments to the semipermanent rental marketplace oregon transferred lodging from the format Airbnb for regular rent.
What benefits are provided?
According to the caller rules, owners of such objects person full exemption from tax connected rental income for a play of 36 months.
For example:
- with yearly rental income 12,000 euros the savings will beryllium 1,800 euros per year;
- in three years the magnitude of savings tin scope 5,400 euros.
This is owed to the information that such income is usually subject to tax successful the magnitude of 15%.
What objects are covered by the program?
The payment applies to:
- previously bare apartments;
- properties that were antecedently used lone for short-term rentals;
- real property officially converted into semipermanent lease format.
In this case, definite conditions indispensable beryllium met.
Main requirements for tax exemption
To person the benefit, the proprietor must:
- timely state the entity successful the system AADE;
- formalize a semipermanent lease agreement;
- conclude an statement for astatine slightest 3 years;
- comply with each tax formalities and declarations.
For bare housing, confirmation is required separately that the property:
- was officially listed arsenic vacant connected tax returns for 2022–2024;
- was not used arsenic a rental, work oregon freely provided object.
When the payment is lost
Tax exemption whitethorn beryllium mislaid successful respective cases:
- if the flat is again transferred to short-term rental earlier the expiration of 36 months;
- if the spot is near without a tenant again;
- if the terms of the caller lease statement are violated.
Moreover, if you instrumentality to Airbnb earlier the extremity of the three-year period, the payment is canceled retroactively, and the proprietor will person to wage each antecedently unpaid taxes.
Additional relaxations
The instrumentality besides provides for definite benefits for rental housing:
- medical personnel;
- public schoolhouse teachers;
- military unit and instrumentality enforcement officers.
In these cases, the minimum rental play is reduced to 6 months.
Editorial comment
In essence, the authorities are trying to solve an aged occupation successful the Greek lodging market: Too galore apartments sit bare for years oregon service lone tourists, while semipermanent tenants find it progressively hard to find housing.
The state decided to enactment successful the astir understandable way for the owner: if you don’t similar persuasion, here’s your money, oregon rather, the accidental not to springiness it to the tax authorities.
The logic is simple: if the proprietor sees that with a regular rental helium tin debar paying taxes for three years, some landlords whitethorn really similar a stable tenant alternatively of a tourist roulette.
However, arsenic always, the question remains whether this inducement will beryllium enough. Because galore owners emotion Airbnb not lone for its profitability, but besides for the accidental to propulsion retired their suitcases astatine immoderate time, and not then person to woody with a problematic tenant for months done the Greek courts, which work… well, let’s say, astatine their ain philosophical pace.
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