7 in 10 struggle with inheritance tax-survey

More than seven in ten Greeks struggle to pay inheritance taxes, according to survey results published Wednesday.

A survey of 150 people held by insurance company 4Life Direct in October showed that 74% of Greeks believe that paying taxes that come with an inheritance is a real challenge to pay.

SEE ALSO: Greeks rejecting property inheritance may triple to 150,000 in 2017

High taxes and low real estate values have prompted a growing number of Greeks to reject property left to them by deceased friends and relatives, leaving the asset for the Greek state to take over.

Some estimates from government officials show that the number of assets being abandoned by those inheriting property may triple to 150,000 in 2017. Others have put their property up for sale, often at a very cheap price, to pay the tax, drawing the interest of foreign buyers looking for a bargain.

© 2019 by The Greek Guru. 

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