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Monthly Archives: July, 2014

News

Foreclosure bill protects primary residences

Editorial -
The cabinet has approved amendments to the draft foreclosures bill that protects primary homes from repossession if the owner can prove lack of income or any other asset, thereby safeguarding low-income families.
News

Title Deed fiasco haunts IPT collection

Angelos Anastasiou -
Neither the Inland Revenue Department nor the Land Registry, responsible for issuing Title Deeds, has a mechanism to apportion blame for the non-issuance of Title Deeds, so IPT notices will only be sent to property owners.
Articles

Cyprus property valuations now online

Nigel Howarth -
Following the revaluation of some 500,000 properties in Cyprus, the revised valuation of any particular property can be viewed on-line at the Department of Lands and Surveys website.
News

Immovable Property Tax Announcement

Nigel Howarth -
The Cyprus Inland Revenue Department has issued the following announcement regarding the payment of Immovable Property Tax for 2014 and offers a discount of 15% if the IPT is fully paid by 31 October 2014.
News

Repossession agreement leaked

Nigel Howarth -
Some details of the agreement reached between the Cyprus government and the Troika of international lenders to ease the procedures for property repossessions have been leaked to the media.
Articles

Cyprus Immovable Property Tax 2014

Nigel Howarth -
The law amending the Cyprus Immovable Property Tax Laws for 2014 has now been published in the Cyprus Gazette and it offers a 15 per cent discount for those who pay early.

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