Search found 3 matches

by nd299
14 Dec 2017 10:19
Forum: General Property Questions
Topic: New VAT regulation on Land
Replies: 5
Views: 17198

Re: New VAT regulation on Land

Hi Nigel and thank you as always for maintaining this golden forum.

Your reply below stated: "The sale of building land to private individuals in unaffected (no VAT). But for commercial transactions (i.e. where the seller is a VAT registered company or individual) the purchaser will have to pay VAT ...
by nd299
20 Oct 2016 08:32
Forum: General Property Questions
Topic: Reclaiming IPT
Replies: 4
Views: 13690

Re: Reclaiming IPT

Havent heard of E246 either.

In my recent experience the relevant form is I.R. 314
Link to form in Tax Department's website:
http://www.mof.gov.cy/mof/TaxDep.nsf/All/331B14BD9C7DBFD4C2257E2A00249F50?OpenDocument

(unfortunately in Greek only)

However, I note importantly that the form was amended a ...
by nd299
13 Aug 2015 10:10
Forum: General Property Questions
Topic: Alpha Bank, restructuring loan?
Replies: 5
Views: 17085

Re: Alpha Bank, restructuring loan?

Just to add my 2cents.

From my understanding, the practice of assigning the property purchase contract to the bank, is a normal practice of banks, when doing restructuring of delinquent loans with doubful possibility of recovery.

The reason banks like it is that if the loan becomes again ...