Taxman to accept inheritances

The Finance Ministry is planning to allow the concession of properties to the state for the payment of inheritance tax - unless this tax exceeds the objective value of the property - and other obligations to the state, while it appears the government will have to postpone the return of the capital gains tax on properties for another year.

According to comments by Alternate Finance Minister Tryfon Alexiadis on Thursday in Parliament, and given the extensive practice of beneficiaries refusing to accept properties willed to them due to their inability to maintain them, the ministry is expected to issue a decision allowing for the settlement of inheritance tax with the concession of assets to the tax authorities. Alexiadis said that before settlements are made this way, several matters related to the value of each property must first be examined.

Crucially, if the tax is...