Greece Abolishes The Inheritance Tax!

The government of Greece has taken a very bold step forward by abolishing (in effect) the tax which the vast majority of heirs have to pay in order to obtain ownership over the assets of a deceased person. The new law is effective from 1-1-2008, (in some cases from 13 December 2007), and results in a maximum rate of inheritance tax of 1% for relatives of the deceased who inherit properties (real estate) located in the territory of Greece. more from business/finance »