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Greece to suspend implementation of capital tax on real estate transactions

Greece to suspend implementation of capital tax on real estate transactions

The Greek government will suspend the implementation of a 15 pct capital tax on real estate property transactions, sources told ANA on Tuesday.

The sources said that the government was expected to table an amendment to Parliament that suspends the implementation of a capital tax on real estate property transactions by December 31, 2019. The tax was legislated in 2014 but has not yet been implemented. The government aims to avoid placing any additional burdens on the real estate market.

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