May 24, 2023

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Articles

THE “SAVING – RENOVATING” PROGRAM FOR 20,000 YOUNG PEOPLE!

Opens from 18.5 to 15.9.2023 for young people born between 1/1/1984 and 31/12/2005, the electronic platform for submitting applications for the financing program for the energy, functional and aesthetic upgrading of homes, owner-occupied or rented, by subsidizing part of the required cost of materials and their work . It is recalled that the immediate opening of this platform was requested by POMIDA from the competent ministers who attended its pre-election event on 4.5.2023.

Taxation

AADE: WHEN ARE REAL ESTATE SALES BY AN INDIVIDUAL CONSIDERED A BUSINESS ACTIVITY!

With his circular, the Governor of AADE Giorgos Pitsilis clarifies when, in accordance with the applicable legislation, the sale of real estate by individuals can be considered by the tax authority as a hidden activity, the result of which must be taxed as business profit. Particularly interesting is the provision of par. 4 according to which the scope of the provision in question includes not only the systematic performance of similar transactions but even the individual transaction of sale by a natural person, as long as the purpose is profit, unless this concerns an asset that has been acquired through inheritance or as a gift from relatives up to the second degree or has been held for a period of time longer than five (5) years. 

Articles

THE TERMS OF THE MORTGAGE LOAN PROGRAM FOR YOUNG “MY HOME”!

The “Spiti mou” loan program concerns the granting of low-interest or interest-free mortgages to young people and young couples, aged from twenty-five (25) to thirty-nine (39) years old , for buying a first home. Loans are granted through the cooperating Banks and the application is submitted to a Bank of the borrower’s choice.