Thessaloniki Administrative Court of First Instance, through its no. 4684/2020 judgement, quashed a decision made by the Head of the Directorate for the Settlement of Complaints (Independent Authority of Public Revenue) in so far as it dismissed the administrative appeal of our principal against property transfer tax corrective action of the amount of 330.000€. The dispute emerged because the tax authorities questioned the application of article’s 3 Decree-Law no.1297/1972 favorable provisions concerning the exemption from property transfer tax within the framework of a merger by acquisition of a sole proprietorship by a company limited by shares.