The Independent Authority for Public Revenue (IAPR) is planning yet another digital step in real estate transfers by expanding the electronic filing of tax returns for transfer taxes, parental gifts, gifts, and inheritances to areas not covered by the objective property valuation system.
With the aim of further simplifying procedures and facilitating matters for property owners, the submission of declarations via the myPROPERTY platform for real estate transfers in areas where objective values do not yet exist is expected to be activated by 2027.
Currently, all procedures are handled at tax offices, as properties without objective values require handwritten declarations, in-person visits, and months-long delays until cases are finalized.
With this new feature, declarations will be able to be submitted digitally regardless of whether the property is located in an area with objective values or not, significantly reducing bureaucracy and accelerating real estate transfers, parental gifts, and inheritance settlements.
Specifically, the AADE’s plan provides for:
- The digital filing of tax returns for real estate transfers, inheritances, gifts, or parental benefits for properties located in areas where the objective property valuation system is not applied.
- The automation of the process for issuing and notifying tax assessment notices for capital transfer taxes for those returns that are not automatically processed by the myPROPERTY application.
The new digital applications are expected to benefit thousands of taxpayers, as currently, more than 2,100 areas across the country are currently outside the objective property valuation system, with the Ministry of Finance planning to gradually integrate these areas into the objective valuation system.
The adjustment
The expansion of digital procedures for real estate transfers is considered imperative, as the market is experiencing a period of intense activity, with a sharp increase in sales, inheritances, and gifts, a trend that is by no means unrelated to the upcoming reassessment of objective property values, which is expected to result in significant increases, especially in areas where the discrepancies between market (i.e., actual) and assessed values are significant.
It is worth noting that currently, in areas outside the objective valuation system, the taxable value is calculated through assessments by the Tax Offices, a process that often leads to delays of several months.
The new digital model is expected to be particularly helpful for residents of island and remote areas, where a large portion of properties remain outside the objective valuation system.
Cross-checking
The full digitization of real estate procedures will not only reduce errors but will also greatly facilitate audits and data cross-checks in real estate transfers. Already, the electronic filing of real estate declarations within the objective system has drastically reduced the time required to complete cases, with most transactions now being finalized without a visit to the Capital Tax Centers ( KEFOK) or the Tax Offices.
11% Increase in Revenue
According to data from the Independent Authority for Public Revenue (AADE), increased real estate transfers in the first two months of the year boosted revenue by 11% compared to last year. In February specifically, the increase exceeded 30%.
The total real estate transfer tax collected from the transfer of buildings and plots of land in the first two months of 2026 amounted to €96.52 million, up from €86.89 million in 2025, representing an increase of 11.1%.
The transfer tax on buildings assessed in the first two months of the year amounted to €81.25 million, compared to €72.87 million in the first two months of 2025, marking an increase of 11.5%. During the same period, taxes and fees on gifts, parental, and other benefits assessed amounted to €38.36 million, up from €38.38 million in the first two months of 2025.