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Nosher
Posts: 1
Joined: 07 Aug 2014 07:23

IPT

Post by Nosher » 08 Aug 2014 08:15

Sorry to raise this old chestnut but having asked a specific question at their office (and got no sensible reply) I'm still non the wiser.
The property development company who built my house is in liquidation owing millions and I have no title deed.
Do I have to pay IPT?
Is it possible for a simple yes or no answer or is it more complicated?
Nosh.



Nigel Howarth
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Location: Erimi, Limassol, Cyprus
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Re: IPT

Post by Nigel Howarth » 08 Aug 2014 11:23

Hi Nosh and welcome to the forum,

If the liquidation does not result in your property being seized - and its Title Deeds are eventually issued, someone will have to pay the Immovable Property Tax + the Capital Gains Tax arising from the sale before the deeds to the property can be transferred to you.

Regards,


Nigel Howarth
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