The inheritance tax exemption, introduced by the government recently, involves moveable assets as well.
Alternate Finance Minister Theodoros Skylakakis told Real News that the inheritance tax will affect more people than the main opposition SYRIZA party realises because it affects unbuilt property and land parcels.
“These are 3.2 million hectares (32 million stremmas), as well as partnerships in businesses, that are worth many hundreds of billions.”
In addition, Greece has “very many small businesses, and the inheritance tax also relates to moveable assets, bonds, shares, etcetera, as well as to 130 billion euros in household deposits in banks, which up to now had to pay 10 per cent as inheritance tax from the very first euro.”
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Mr Skylakakis also said that the government will present its forecast for 2021 growth rates and the draft budget on 4 October. The 5.9 per cent growth rate forecast for the year “is extremely conservative, as the picture from the third quarter to the present is that the economy is doing well,” he said.
Asked about further tax reductions, he said it is too early for such a move, “especially as we come out of a very deep recession because of the international pandemic crisis; what really counts is the rise in DGP.”
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