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All reports tagged with: "immovable property"

Memorandum of Understanding January 2016

A revised Memorandum of Understanding (MoU) between Cyprus and its troika of international lenders – European Central Bank (ECB), the European Commission (EC), and the International Monetary Fund (IMF) – has been published.

No more escape for tax cheats

Those with tax arrears exceeding €3,000 will be prevented from selling or transferring their property under a new law passed by the Cyprus government to help with the crackdown on tax evasion.

Sweeping powers for taxman

Sweeping new powers for the taxman could further impede the ability of a property buyer to secure the Title Deeds to the property they’ve purchased if the tax debtor fails to settle his tax bill.

Creating and issuing Title Deeds

Many people wonder why it takes so long for Title Deeds to be issued by District Lands Offices; here is an article contributed by one of our regular readers explaining the process in detail.

Real estate roundup

New housing loans from the Bank of Cyprus, progress on Immovable Property Tax collection and a World Cup probe into a land deal involving a member of FIFA’s executive committee.

Immovable Property Tax vote set for Thursday

Having debated changes to Immovable Property Tax for more than a month, it is expected that MPs will vote on the various proposals to amend the law at a Plenary session of parliament on Thursday.

Get a breakdown of your Immovable Property Tax bill

Following complaints from owners of multiple properties that they were not being issued with detailed statements of how their IPT has been calculated, the Cyprus Inland Revenue has acted to resolve the problem.

Our position on the issues of Jurisdiction & Time Bar

Barrister-at-Law Christos M. Triantafyllides of the law firm of Triantafyllides & Christoforou provides their position on jurisdiction and time bar for those who have bought property in Cyprus.

Immovable Property Tax debacle continues

No sooner had the Council of Ministers agreed changes to the Immovable Property Tax rates for 2013 when AKEL stepped in demanding that first residences should be exempted from this tax.

Cabinet modifies Immovable Property Tax charges

At a meeting in Troodos yesterday, the cabinet decided that those with properties whose 1980 value is €5,000 or less will be exempt from paying IPT and scrapped the €75 minimum charge.

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