Gifts and Parental gifts

One of the fundamental principles of Greek Civil and Tax Law, is the protection of the family and the supply of adequate assets to children by their parents in order to assist them towards the creation or the maintenance of their family or their financial independence, or towards the establishment or the continuance of their profession. When these principles do not exceed the standards which the relevant circumstances allow, we are talking about  Greek “Parental Gifts”; they are not considered as gifts and are not regulated as such by Greek law.

According to the above, the provisions for gifts in Greece do not apply for gifts in Greece from parents to children and the Notarial form is not necessary, except from parental gifts which include real estate property; Then, the execution of a Notarial Deed is necessary.

The procedure of Greek Parental Gifts for Greek properties, may be accomplished through Anyfanti & Partners Law Firm

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