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Monthly Archives: August, 2013

Legal Matters

Our position on the issues of Jurisdiction & Time Bar

Christos M. Triantafyllides -
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.
Articles

A simple warning on loan restructuring

mpersianis -
Loan restructuring is meant to preserve value and rescue good loans that are under temporary stress; they are not a 'trick' to rescue bad businesses that were unable to repay their loans in the time of plenty.
News

State to offer property for long-term leasing

Editorial -
Following failed attempts during the AKEL administration to promote the use of government property, the cabinet wants to give private investors incentives to take on long term lease agreements.
News

Immovable Property Tax debacle continues

Nigel Howarth -
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.
News

Cabinet modifies Immovable Property Tax charges

Editorial -
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.
News

Immovable Property Tax demands by post

Nigel Howarth -
The Inland Revenue Department has started to send out Immovable Property Tax demands by post and all property owners will receive a notice by 15 September a tax official has said.

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