Greek tax‑bonus for property renovations extended to 2027

Greece’s income‑tax reduction for eligible property renovation and energy‑efficiency works currently applies to expenses incurred between 1 January 2024 and 31 December 2026. The measure offers a maximum total discount of €16,000 per owner, distributed as up to €3,200 per year over five tax years.

The government’s fiscal team is assessing a one‑year extension of the scheme to cover works carried out in 2027, which would then continue the annual €3,200 relief through 2031. The projected fiscal cost of the extension is estimated at less than €5 million, but implementation requires new legislation.

Eligibility is limited to natural persons who own or co‑own the property and use it as a primary or secondary residence or professional premises. Eligible expenses must be paid electronically and recorded in the tax authority’s digital system. Qualifying works include energy‑saving measures such as insulation, window replacement, HVAC upgrades, smart thermostats, solar panels and batteries, as well as functional or aesthetic renovations like plumbing, electrical, roof repairs, painting and elevator installation. Material costs are recognised only up to one‑third of the service cost, and the discount cannot exceed the taxpayer’s actual income‑tax liability; any surplus is forfeited.