Cyprus Property Forum for Buyers, Sellers & Investors

Thanks Nigel.For your help regards paul

Hi Paul,

I don't know the answer to this one, but I suspect your wife now has dual citizenship. You'll need to take further advice on this - it's out of my area of expertise.

But if your wife wanted, she may be able to voluntarily renounce her Cypriot ...

Thanks Nigel. Just one other thought and that is she has been naturalized and holds a British passport. Would this make a difference to this situation?

Hi Paul,

Ah - now I understand - your wife is the registered owner.

At the present time if your wife were to pass away then you would receive 3 ...

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Thanks for that Nigel. You said that nothing would be benefited by transferring half my property into my wife’s name. but the point is that all property is in my wife’s name because of her being Cypriot. would it be of benefit to either of us if the property was in my name being as I am English ...

Hi Paul and welcome to the property forum.

According to the Land Registry:

TRANSFERS - Upon gift from spouse to spouse and from relative to relative within the third degree of kindred other than upon gift by parent to child on the assessed value of the property - 8%

Quite expensive!

Can I ask ...

Hi. i am new to this, but i was wondering if you could let me know if transfer fees apply if a spouse were to transfer over half of a property or properties to thier over half? thanks very much,