Cyprus Property Forum for Buyers, Sellers & Investors

If I sell my house for less than I paid for it, are there any tax implications?

Thanks for the news about the appeal extension. Yes I do have title deeds and the property is in joint names with my wife. The 1980 valuation was C£1800.00 when the property was a single storey dwelling but in 2005/6 it was redeveloped into a two storey house on a plot of 290 square meters. In ...

In 2005, I purchased my property for 90,000 Cyprus pounds and since then I have made a number of improvements. I followed your guidance to ascertain my property valuation online and was shocked to find that my property is only valued at 77,700 euro. I know that it is too late to appeal, and most ...

I know it's Spring and the weather is warm but I'm looking towards next Winter and would ask where it's possible to buy reasonably priced wood buirning stoves. I'm based in Pachna (Limassol District) where it can get particularly cold with frost and occasional snow.
Tonto

My wife and I each hold a half share in our property and the 1/1/80 value for each share is shown on the title deeds as £1800.00. On this basis, am I right in assuming that neither of us has anything to pay in 2013?