Spending on home upgrades in Greece would keep earning an income tax reduction until 31 December 2027, a year longer than now, under a bill tabled in Parliament on 3 November 2026. Parliament’s committee began debating it on 6 November. It is a tabled bill, not law.
The relief is in Article 39B of the Income Tax Code (Law 4172/2013). Article 18 of the bill text amends paragraph 14 of Article 66 of Law 4646/2019, replacing the end date of 31 December 2026 with 31 December 2027. The relief would then cover spending in the tax years 2020 to 2027. The bill makes no other change to it.
How the relief works now
Under the rules in force, set out in Article 39B and joint ministerial decision Α.1197/2024, as amended by Α.1153/2025:
- it covers individuals’ spending on goods and services for the energy, functional or aesthetic upgrade of buildings in Greece;
- eligible spending is capped at €16,000 in total across all years of the scheme, and goods count only up to one third of the cost of the services;
- the tax reduction is spread in equal parts over five years, up to €3,200 a year;
- it cannot exceed the income tax due, and any unused amount is neither refunded nor carried forward;
- payment must be electronic, and invoices must show the owner’s tax number (AFM) and the property’s ATAK number (its identification number in the owner’s E9 property register);
- spending already covered, or being covered, by a building upgrade or other grant programme is excluded.
The beneficiary is the full owner, usufructuary or bare owner who paid for the work. The implementing decision currently covers spending to 31 December 2026, so it would also need updating for 2027. The last extension, from 31 December 2024 to 31 December 2026, came with Article 71 of Law 5217/2025.
The General Accounting Office report on the bill puts the cost of the extension at about €5 million in lost revenue for 2027. The bill’s regulatory impact analysis says requests in the public consultation to raise the €16,000 spending cap were not accepted, because they would need extra fiscal room.
What it means for buyers
A buyer planning works on a Greek home would have until the end of 2027, if the bill passes in this form, for the spending to count. The relief only reduces Greek income tax actually due, so it matters to owners who pay income tax in Greece, for example on rent. Spending covered by a grant, such as the Home Renovation grant, does not count. Buyers should confirm how this applies to them with a Greek lawyer or accountant.
What happens next
The bill goes through Parliament’s Standing Committee on Economic Affairs and then to a plenary vote. The Parliament’s bill page lists no plenary date, and the text can still change.
Sources
- Hellenic Parliament: bill “Strengthening disposable income, savings and investment”, tabled 3 November 2026
- Hellenic Parliament: bill text, Article 18 (PDF, Greek)
- Hellenic Parliament: regulatory impact analysis (PDF, Greek)
- Hellenic Parliament: General Accounting Office report (PDF, Greek)
- Law 4172/2013 (Income Tax Code), Article 39B
- Law 4646/2019, Article 66
- Law 5217/2025, Article 71
- Joint ministerial decision Α.1197/2024 (ΦΕΚ Β’ 7123/27.12.2024)
- Joint ministerial decision Α.1153/2025 (ΦΕΚ Β’ 5933/05.11.2025)
