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by Nigel Howarth
15 Jan 2021 10:39
Forum: Mark Nowell's Financial Questions
Topic: swiss franc any updates
Replies: 1
Views: 106

Re: swiss franc any updates

Hi Evace1331 and welcome to the forum. I've had no news recently on progress with BoC restructuring loans. Yes - it is a good idea to get a firm to negotiate on your behalf as they will be acting on behalf of hundreds of people with CHF loans. You should only stop paying if the firm advises you to d...
by Nigel Howarth
08 Jan 2021 10:56
Forum: Property Ownership
Topic: Coral Bay / Harbour Shores
Replies: 1
Views: 127

Re: Coral Bay / Harbour Shores

Hello Annabelle and welcome to my property forum. As far as I'm aware there has been no progress on getting Title Deeds issued for the Harbour Shore Estates properties at Coral Bay. Some of the residents have been waiting for deeds to be issued for more than 30 years. I suggest you speak with Leptos...
by Nigel Howarth
05 Jan 2021 10:37
Forum: General Property Questions
Topic: council tax v municipality tax
Replies: 1
Views: 112

Re: council tax v municipality tax

There is a local property tax in addition to the charge for rubbish collection, etc. I expect this is €185.23 - but without seeing the actual documents, I can't confirm.

Regards,
by Nigel Howarth
01 Jan 2021 00:27
Forum: General Property Questions
Topic: UK Citizen - status for property purchase in Cyprus
Replies: 2
Views: 173

Re: UK Citizen - status for property purchase in Cyprus

Hi ajaxuk and welcome to the forum. I bought property here in 1992 when foreigners could only own a single property/plot of land not exceeding 3 donums (4,014 sqm). I had to apply to the Council of Ministers - a mere formality. A few years after Cyprus joined the EU, the restriction was abolished fo...
by Nigel Howarth
31 Dec 2020 00:19
Forum: General Property Questions
Topic: *** Applying for your Title Deeds ***
Replies: 51
Views: 51226

Re: *** Applying for your Title Deeds ***

In my article , which was checked by the DLS, I wrote: "Within the 60 day notice period the buyer may attend the DLO without the vendor being present and pay the Property Transfer Fees. The buyer may opt to pay the full amount, in which case their transfer fees will be reduced by 10%, or opt to pay ...
by Nigel Howarth
30 Dec 2020 21:19
Forum: General Property Questions
Topic: *** Applying for your Title Deeds ***
Replies: 51
Views: 51226

Re: *** Applying for your Title Deeds ***

Thanks Pan I've corrected my reply - I don't know what I was thinking. I've heard from one person who got the additional 10%. But this was quite soon after the law came into force. The 10% is still being stated on the DLS website. Page 14 of Enclaved Buyers . Also in the Greek language version . Reg...
by Nigel Howarth
30 Dec 2020 10:23
Forum: General Property Questions
Topic: *** Applying for your Title Deeds ***
Replies: 51
Views: 51226

Re: *** Applying for your Title Deeds ***

Dear Chateau My condolences on the loss of your wife. The 10% reduction applies if you pay the transfer fees within 60 days of the Land Registry advising you they are ready and is in addition to the 50% reduction ( which applies if you DID NOT pay VAT. ) The Department of Lands & Surveys has an onli...
by Nigel Howarth
19 Dec 2020 12:01
Forum: General Property Questions
Topic: Many questions about investing in property
Replies: 3
Views: 421

Re: Many questions about investing in property

Tell me Jimmy, when was the last time the Road Transport Department reminded you to pay your road tax?
by Nigel Howarth
18 Dec 2020 09:50
Forum: General Property Questions
Topic: Many questions about investing in property
Replies: 3
Views: 421

Re: Many questions about investing in property

Hi Jimmyjimmy and welcome to the forum. You were advised correctly - "I was told it’s my fault and I have to pay". It's up to the taxpayer to register themselves with the various authorities in Cyprus and pay taxes, they will not come looking for you. I see you've been living here for many years - I...
by Nigel Howarth
18 Dec 2020 09:46
Forum: Property Ownership
Topic: BREXIT Implications for Residents and Owners
Replies: 11
Views: 8961

Re: BREXIT Implications for Residents and Owners

If I want to stay for more than 90 days I must have a residency permit and a "TIN". That will not be necessary: "As of 1/1/2021 and as stipulated in the Regulation (EU) 2019/592 of the EU, “nationals of the United Kingdom who are British citizens will be exempt from the visa requirements when trave...
by Nigel Howarth
17 Dec 2020 23:49
Forum: Property Ownership
Topic: BREXIT Implications for Residents and Owners
Replies: 11
Views: 8961

Re: BREXIT Implications for Residents and Owners

JohnnyCyprus wrote: 17 Dec 2020 18:15I don't understand why the authorities do not simply ask applicants to produce their Tax Identification Number.
As you're resident in Cyprus for tax purposes, then you need to have an MEU1 (or MEU3).

Why register to pay tax in Cyprus if you're not resident here?

Regards,
by Nigel Howarth
14 Dec 2020 11:51
Forum: Communal Property Management
Topic: Communal Fees from empty property with Deeds still with the Developer
Replies: 3
Views: 463

Re: Communal Fees from empty property with Deeds still with the Developer

Is all of this to be considered when working out the relevant communal fees? Possibly. If you can send me a clear digital photo of the part of your deed as shown below, I can work out the contribution for each of the properties: https://www.news.cyprus-property-buyers.com/wp-content/uploads/2015/11...
by Nigel Howarth
13 Dec 2020 12:51
Forum: General Property Questions
Topic: Many questions about investing in property
Replies: 13
Views: 1069

Re: Many questions about investing in property

Hi JMot I'm living proof that you don't need a TIC when you buy property. I bought mine in 1992 before we moved to the island in 2002 and registered for tax. Also, it's a good idea to keep the passport you use when you buy a property (i.e. Don't destroy it as recommended by HMG.) There are issues wi...
by Nigel Howarth
13 Dec 2020 12:39
Forum: Communal Property Management
Topic: Communal Fees from empty property with Deeds still with the Developer
Replies: 3
Views: 463

Re: Communal Fees from empty property with Deeds still with the Developer

Hi JohnTB As soon as a purchaser takes delivery of a property they become responsible for paying taxes and other costs relating to the property (which includes the communal fees.) I don't know how you can get around your problem, but you can get companies that will trace trace missing persons. Also ...