Law change on transfer fees
Posted: 30 Jul 2012 14:53
In the Cyprus Weekly June 1 - 7 2012, Antonis Loizou stated in his property page that Vat and Transfer Fee laws were changed the week before and that there would be a 5% transfer fee as long as the sales contract was deposited with the land registry prior to the extended date of 31.12.2012.
As i now have copies of my completion certificates and awaiting the imminent transfer fees for issue of my title deeds, where do i stand in relation to this new law??? We purchased our individual house for cash in March 2007 as permanent residents (Nov 2006) in both our names. The 5% would mean cheaper transfer fees to us than i expected. So please tell me the truth of it all.
Banjo
As i now have copies of my completion certificates and awaiting the imminent transfer fees for issue of my title deeds, where do i stand in relation to this new law??? We purchased our individual house for cash in March 2007 as permanent residents (Nov 2006) in both our names. The 5% would mean cheaper transfer fees to us than i expected. So please tell me the truth of it all.
Banjo