How to sell your property if you have debts to the tax authorities

One of the main "headaches" of the prospective property seller who has debts to the tax office is the issuance of tax information. He is obliged to come to an agreement with the registrar to settle the debts, and to issue the documents required by undertaking that part of the price he will receive from the sale will be directed towards the repayment of the debts. AADE now wants to put this time-consuming and soul-destroying process in order.

The process of issuing a tax notice for those who have settled their debts with the tax office will be done electronically, while the price that will be withheld from the sale of the property - or from the collection of a fee if the notice is issued for this reason - will be calculated on a specific scale. The coefficients of withholding from the price will vary from 10 to 70%.

The scale is defined as follows:

-10% on the collected amount when the reason for issuing the receipt is the collection of money and a total amount greater than 70% of the settled debt has been paid through the settlement.

-30% on the collected amount when the reason for issuing the receipt is the collection of money and a total amount of more than 50% up to 70% of the settled debt has been paid through the settlement.

-50% on the collected amount when the reason for granting the receipt is the collection of money and a total amount of more than 30% up to 50% of the settled debt has been paid through the settlement.

-70% on the collected amount when the reason for issuing the receipt is the collection of money and a total amount of up to 30% of the settled debt has been paid through the settlement.

Thus, the debtor who has settled his debt and wants to obtain tax awareness in order to sell a property worth 100,000 euros, will know that if he had a debt of 100,000 euros and has an amount of 20,000 euros left, the tax authorities will withhold from him 10% of the sale price (i.e. 10,000 euros) and will allow him to manage the remaining 90,000 euros. This was also true now. The difference is that the process will be done electronically without delays and consultations within the DOY.