Short-term rental managers are “on a war footing”. (also known as Airbnb-style rental), who opened a “front” with the Ministry of National Economy and Finance on the occasion of a circular commander of AADE Giorgos Pitsilis which makes it clear that they will be charged a pretense fee.
It is indicative that already Association of Short Term Rental Real Estate Companies – STAMA Greece sent a relevant memorandum to Prime Minister Kyriakos Mitsotakis.
Vangelis Durakis writes
Through the memorandum shared and to the leadership of the Ministries of Finance and Development, as well as to the commander of AADE Giorgos Pitsilis, the Association requests the change of regulation.
Corresponding “fermentations” they also exist within the Panhellenic Association of Property Managers (PA.SY.DA.) with its members literally… “sharpening their knives”, according to enikonomia.gr.
What are the clarifications of the Minister of Finance?
Sources, however, of the Ministry of National Economy and Finance they take care to clarify on the one hand that the pretense fee will be adopted normally, on the other hand they point out that this period of imposition of the fee “will be short”, as “the aim is to abolish the pretense fee by 2027”.
The same sources also emphasize, how the imposition of the pretense fee concerns only those who manage more than 3 properties and therefore should also start a business.
They also say that for those managing more than 3 properties, fee is imposed on each of these properties since they are scattered in different areas. If, for example, all 3 properties are concentrated in an apartment building, then the property tax is imposed only once.
However, this forecast is criticized by the representatives of real estate managers, as they consider that it does not make sense to be a legal entity to manage 30 properties that you have available through short-term leases in various parts of Greece and to pay 30 business fees. And this is because if, as a legal person, you manage, for example, 20 properties in an apartment building in the expensive area of Kolonaki, then you are required to pay a pretense fee.
In essence for any property which it is not in the same building a pretense fee is imposed because it is considered… a branch.
What will apply to natural persons?
Today, the end of pretense amounts to 1,000 euros for legal entities and 600 euros for each branch.
Therefore, if someone has 30 properties on short-term lease in different buildings, he will pay a property tax for them in the amount of 18,000 euros.
The same logic is adopted for natural persons who own more than three properties on short-term lease and are required to open books.
That is, if for example they lease four properties in different buildings will pay a 4 times pretension fee.
And in this case each property is considered a branch. However, if all 4 properties are in one building, a pretension fee will be payable.
However, for natural persons the legislation will not “have time” to be implemented. These are essentially not affected as the 7,440 natural persons with more than three properties, since they have now opened books, will be exempt for five years from the pretension fee.
Given that the fee is abolished from next year for natural persons, this framework will not be applied, in contrast to legal entities.
It is noted that today 5,297 legal entities are active in short-term leases with 57,696 properties (34.2% of properties) and 7,440 natural persons with 30,329 properties.
