A single mistake in a bank transfer can turn a tax-free gift between parent and child into a taxable donation, subject to 10% duty from the very first euro. Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης Προσθέστε το sofokleous10.gr στο GoogleGreece’s tax authorities no longer look solely at whether a declaration was filed or whether the money passed through a bank account. The daughter named as the donor had no income or financial means that could account for a transfer of that size. The consequences were costly: the 26,000-euro transfer attracted 5,200 euros in tax, plus a 2,600-euro penalty for an inaccurate declaration. - Parental gifts in Greece: how a money transfer mistake can trigger a 10% tax bill appeared first on - English.