Hi Nigel
A friend and neighbour owns an apartment on our complex which he occupies three times a year, when he visits from the UK.
On his current visit he had a meeting with his Lawyer re the progress of receiving his Title Deeds (via power of attorney) He was informed all was going well, and he will receive his Title Deeds at the 50% discount rate. His lawyer went on to say that at a recent government meeting it was agreed to extend the deadline of December 2016 to 2017, and possibly indefinitely.
Any chance of confirming this extended deadline for the issue of Title Deeds please.
Many Thanks
Tom
Title Deeds Discount Deadline
-
- Site Admin
- Posts: 2920
- Joined: 24 Oct 2007 14:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: Title Deeds Discount Deadline
Hi Tom,
The Finance Ministry has submitted a number of proposals to the Cyprus government on reforming the property taxation system. One of them is for the indefinite extension of the 50% reduction in Property Transfer Fees
These reforms were discussed today and further discussions will be held on Monday. There were a couple of reports in the Greek language media this morning on progress:
http://www.stockwatch.com.cy/nqcontent. ... 10&lang=gr
http://www.stockwatch.com.cy/nqcontent. ... 73&lang=gr
(View the above links in Google Chrome, which has an in-built translation feature.)
Any changes have to be approved by Parliament - and although the Government may have agreed what it wants to do, it does not have a majority in Parliament. Expect some horse trading.
Regards,
The Finance Ministry has submitted a number of proposals to the Cyprus government on reforming the property taxation system. One of them is for the indefinite extension of the 50% reduction in Property Transfer Fees
These reforms were discussed today and further discussions will be held on Monday. There were a couple of reports in the Greek language media this morning on progress:
http://www.stockwatch.com.cy/nqcontent. ... 10&lang=gr
http://www.stockwatch.com.cy/nqcontent. ... 73&lang=gr
(View the above links in Google Chrome, which has an in-built translation feature.)
Any changes have to be approved by Parliament - and although the Government may have agreed what it wants to do, it does not have a majority in Parliament. Expect some horse trading.
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Re: Title Deeds Discount Deadline
Hi Nigel
Thanks for your reply and the links.
Looks like watch this space for more information. (As always) And of course your property newspaper.
Best Regards
Tom
Thanks for your reply and the links.
Looks like watch this space for more information. (As always) And of course your property newspaper.
Best Regards
Tom
-
- Site Admin
- Posts: 2920
- Joined: 24 Oct 2007 14:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: Title Deeds Discount Deadline
Hi Tom
There were further discussions yesterday on property tax reform and they will continue next Monday.
Regards,
There were further discussions yesterday on property tax reform and they will continue next Monday.
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Re: Title Deeds Discount Deadline
Hi Nigel,
Could you please tell me if you are aware of any news about the deadline for obtaining title deeds
(at 50% discount) as still being by the end of this year or not?
Thanks for your assistance.
Kind regards,
Tom
Could you please tell me if you are aware of any news about the deadline for obtaining title deeds
(at 50% discount) as still being by the end of this year or not?
Thanks for your assistance.
Kind regards,
Tom
-
- Site Admin
- Posts: 2920
- Joined: 24 Oct 2007 14:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: Title Deeds Discount Deadline
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Re: Title Deeds Discount Deadline
Hi Nigel,
Many thanks for sending through the link with the confirmation - that is good news for a change
Kind regards,
Tom
Many thanks for sending through the link with the confirmation - that is good news for a change
Kind regards,
Tom
-
- Site Admin
- Posts: 2920
- Joined: 24 Oct 2007 14:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: Title Deeds Discount Deadline
You're welcome Tom
Rgds,
Rgds,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news