Cyprus Property Forum for Buyers, Sellers & Investors

Thank you for your reply Nigel, I appreciate it very much. I do have 2 more questions though.

1 How is the 1980 value of the property worked out, we have the figure from the developer but it seems high to my mind, if there is a formula does it apply to all dwellings?

2 Is there a way to claim back ...

Hi Nigel

I think we are making progress, could you let me know where I can find the historical IPT levels over the last 8 years please.

I have a ball park figure now for my property value at 1980 prices I know there has been an increase in IPT since 2012 but before that I think the top rate was €4 ...

Hi Guys

Thank you very much for your help, we have taken it all on board and have sent a request to our developer to supply the information you suggest, so we will wait and see their response.... we will let you know the outcome.

Many Thanks

Amberdog

Thank you for your reply Nigel, It seems a minefield.

I have checked with the local municipality to see what taxes the developer has paid and they have said that it is very little. it says in our contract -

'the purchaser will be responsible for the payment of any taxes and/or rates due to the ...

Hi Nigel

We have been informed by our developer that the Title Deeds are now available.. Great News!

However, he is asking that there is over € 5,000 due from us to pay IPT he has paid for the previous 8 years, do you think we need to pay this before we get our title deed completed. We have not ...