€800,000 Tax-Free for Parental Grants & Gifts

Since 1 October 2021, parental grants and gifts to close relatives (Category Α) are tax-free up to €800,000. Above the threshold, a flat 10% applies to the excess.

Last updated: June 2026

Who it applies to

It applies to Category Α beneficiaries: children, spouse/civil-partner, grandchildren and parents. Typical case: a parent transfers an apartment or money to their child.

Granted once — cumulative

The €800,000 is not given each time: it applies once per donor–donee pair and adds up all parental grants/gifts since 1 Oct 2021. Whatever has already been given tax-free counts toward the limit.

Money gifts: mind the method

What about the other categories?

The €800,000 applies to Category Α. For Β and Γ, property gifts follow the progressive brackets, while cash gifts are taxed at a flat 20% (Β) / 40% (Γ).

What counts toward the €800,000

The limit is cumulative: all parental grants and gifts from the same donor to the same donee since 1 Oct 2021 count. If, say, a parent has already transferred €300,000 tax-free to their child, €500,000 of tax-free room remains.

Property or money?

For property, the €800,000 applies to the objective value. For money, the tax-free amount applies only if the transfer goes through the banking system; otherwise (cash) an autonomous 10% tax applies with no tax-free amount.

Indicative information under Law 4839/2021 — not legal or tax advice. Privacy policy. Greek version: Ελληνικά.