40% rent reduction: Who is entitled to it – How much and when will the owners be compensated

The second lockdown from Saturday at 6 in the morning brought a reduction of rent by 40% as many companies are rolling down. As stressed by the Minister of Finance, Christos Staikouras The same applies to the main residence of the employees who are suspended from employment, but also to the student residence of their children, throughout the territory. In addition, however, from November, for owners who rent real estate, 1/2 of their loss will not be offset against their tax liabilities, as provided to date, but will be paid directly to the beneficiaries, and will be credited directly to their bank accounts. The cost is estimated at 30 million euros .Rental reduction 40%: The process for property ownersAs announced by AADE, from the processing of statements Covid and real estate lease information for the months of March-August 2020, a number of cases of errors or omissions were found, as well as cases for which clarifications are required from the interested parties. Taxpayers will receive instructions on their account at myTAXISnet to restore any mistakes or omissions and take advantage of the tax deduction. The cases of errors and omissions mainly concern: Submission of Covid declaration without a valid lease agreement, based on the submitted information declarations. Monthly rent agreement and initial amount of Covid declarationNo completion in the Covid declaration of the type of lease (eg professional). Clarifications will also be sought in cases of discrepancies identified in Covid statements submitted by more than one co-owner. Follow it on Google News and be the first to know all the news See all the latest News from Greece and the World, at

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