Α. RETURN THE FULL AMOUNT OF THE PAID TAXES

  1. CANCELLATION OF THE CONTRACT: If after the submission of the declaration over the tax office and the payment of the taxes, the signing of the contract is canceled, the full amount of taxes that have been paid, are refunded to the buyer.

Β. REFUND THE HALF AMOUNT OF PAID PROPERTIES TAXES

  1. CANCELLATION OF THE CONTRACT WHICH WAS SUBJECT TO CONDITIONS OR EXEMPTIONS: If the contract is canceled due to the fact that a condition or an exemption was not met, the taxes that have been paid, will be refunded in half.
  2. WHEN THE PRICE CHANGES
    According to the Opinion of the Legal Council of the State number 421/2002, when the price changes, the taxes that have been paid are not refunded.
  1. CANCELLATION OF A CONTRACT WITHIN 4 YEARS:If, within four years, the final contract is canceled due to a defect at the property for which responsible is the seller, no taxes are burden the buyer. The taxes on the initial contract are limited to the half amount that was paid and are calculated on the market value of the property. Any additional taxes that might have been paid, is refunded.
  2. CONSTRUCTION OF BLOCK OF FLATS WITHIN 2 YEARS:If within two years since the contract was signed, the apartment has not been built, then the taxes that have been paid for the purchase are limited to the value of the plot and the buildings erected until the completion of the two years, and any additional amount of taxes that has been paid is refunded.
  3. IF THE CONTRACT COULD NOT BE REGISTERED OVER THE COMPETENT LAND REGISTRYIf the contract could not be registered over the competent Land Registry due to a legal defect concerning the registration and the transaction is canceled within one year from the date that the contract was signed with a court decision, no taxes are burden the buyer and the paid amount is refunded to the buyer.

C. APPLICATION IN ORDER TO REFUND THE PAID AMOUNT OF TAXES

For the refund of the taxes that have been paid in the above cases, an application is required to be submitted over the competent Tax Office :

A) within one year from cancellation of the signing of the contract and

B) within one hundred and twenty (120) days from the day: a) the condition was not met, b) if we are talking for the case number 4 as above mentioned the and c) the completion of 2 years (case number 5 above mentioned).

After the expiration of these deadlines, the right to refund the taxes that have been paid for the purchase of a property is subjected to the limitation period.