The types of immovable properties included in the scope of this law and its instruction that can be re-valuated are land and buildings.
Individuals and legal entities may request within 28.02.2017 the re-valuation of the land and/or buildings under their ownership, as well as of the property which is under the registration process.
Legal entities will be allowed to re-evaluate only land and buildings that are classified as property plant and equipment in their 2015 financial statements. Buildings or land held as inventory are not allowed to be re-evaluated.
