VAT grant

[avanapa]

Having received the vat refund (grant) a couple of years ago I remember mention of repayment of the money should you sell within a 10yr period. I am aware that it is on a sliding scale basis but do you know if the clock is ticking from the date of house purchase or is it from the date you received the refund.

[Nigel Howarth]

Hi avanapa,

I'm not absolutely sure, but if you look at the details of the VAT Grant at http://www.cyprus-property-buyers.com/f ... _grant.pdf , it says:

"Upon receipt of the grant the beneficiary is obliged to use the property as his/her main and permanent residence for a ten-year period."

which seems to infer that the 10 year countdown starts from the date you receive the grant.

Regards,