Search found 578 matches

by Pantheman
15 Mar 2019 10:04
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 2379

Re: VAT on land

that even if it is from an individual there might still be VAT If that individual happens to own several plots and sells more than one within X amount of years (and I am not sure what X is) When I said individual I mean a person selling his single plot of land. He may even own another 1 or 2, but i...
by Pantheman
14 Mar 2019 10:40
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 2379

Re: VAT on land

Hello, Depends on the land. If it is agricultural then there is no VAT applied. If you are buying a residential building plot from an individual, not a company (developer or someone whose profession is to sell land plots) then there is no vat applied. If you are building your first permanent residen...
by Pantheman
14 Mar 2019 10:35
Forum: General Property Questions
Topic: Property Exchange
Replies: 2
Views: 1573

Re: Property Exchange

Yes, this can be done and it is deemed to be easier since no money is changing hands and, from what I understand, there is no CGT to pay as you are exchanging. What happens is that you will still need a tax clearance certificate, but when you go to the land registry, the person that takes the higher...
by Pantheman
13 Mar 2019 18:01
Forum: General Property Questions
Topic: Revision of 2013 Valuation
Replies: 5
Views: 2364

Re: Revision of 2013 Valuation

My Parting words are, for the present there is no IPT charged, but this may change in the near future and the valuation that'll be used will be the 2013 valuation and not the 1980 valuation.
by Pantheman
12 Mar 2019 23:00
Forum: General Property Questions
Topic: Revision of 2013 Valuation
Replies: 5
Views: 2364

Re: Revision of 2013 Valuation

The general valuation of 1.1.2013 is not the market value of the property. The 1.1.2013 valuation is used to calculate sewerage charges if you are connected and from 2017 it will be used to assess Municipality taxes as I understand it. This is the only time this valuation figure is used. What you pa...
by Pantheman
01 Mar 2019 16:14
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

Thank you for posting that link Nigel. Pantheman, I have sent you a detailed pm. Many thanks. David David, I have seen it, I am trying to ascertain the exact zone, but from what you have said, none of those options would be permitted unless ..... I will email you separately when I get a moment.
by Pantheman
01 Mar 2019 16:13
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

There's an article by Antonis Loizou on the subject that you can find at Houses on Agricultural Plots in Cyprus . Have the restrictions been lifted Pan? Regards, Nigel, this was the proposed case (I have a PP presentation by the Planning dept. giving all the reasons to stop development) that they w...
by Pantheman
28 Feb 2019 22:44
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

if you post the district, location and reg no. i will look up the zone for you.
by Pantheman
28 Feb 2019 22:43
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

Hi David Just to add to what Pantheman has advised, I believe the land you're considering is classed as agricultural (because of the 1% building density). If it is agricultural land, planning permission will almost certainly be refused. Regards, At 1% I would say it is either protected zone or fore...
by Pantheman
28 Feb 2019 10:15
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

Transmitter Man wrote:
28 Feb 2019 07:49
Hi Pantherman,

Thank you.

In that case someone I know installed theirs without this permission! Not the first time I'm sure in Cyprus.

I will visit the land registry.

Thank you again.

david
Its the planning department you need to visit for such items.

Good luck.
by Pantheman
28 Feb 2019 00:57
Forum: General Property Questions
Topic: Leveling Land & Laying Concrete Driveways
Replies: 14
Views: 4371

Re: Leveling Land & Laying Concrete Driveways

Transmitter Man wrote:
27 Feb 2019 15:49
Hello Nigel,


It has 1% build but the plan is a prefab which I've been reliably informed does not require planning.
This is not true. Any structure built or placed on land requires a permit.
by Pantheman
22 Feb 2019 10:52
Forum: Selling Property
Topic: Selling a 2nd Property
Replies: 6
Views: 1845

Re: Selling a 2nd Property

Hi Pantheman My wife's mother owned half the property which was bought around 2005, the other half was her husband's. When her husband passed away, his share was transferred to her. When my wife's mother passed away in 2010, the whole property was transferred to my wife. Probate and Title Deeds wer...
by Pantheman
21 Feb 2019 10:12
Forum: Selling Property
Topic: Selling a 2nd Property
Replies: 6
Views: 1845

Re: Selling a 2nd Property

CGT will be calculated at the Sale Price minus the property's 1980 value (adjusted for inflation) at the rate of 20%. To calculate the inflation, the consumer price index (CPI) is used for the month preceding the disposal of the property and the month of acquisition, which in your wife's case will ...
by Pantheman
18 Feb 2019 16:03
Forum: Communal Property Management
Topic: Jointly owned
Replies: 4
Views: 1603

Re: Jointly owned

They are now asking to see the deeds to prove that i am the legal owner and for money laundering. They also are requesting data for what i use the house for, number of bedrooms, number of air conditioning units access to a key. I will provide this if i have to but is this not GDPR. Who is 'they' ? ...
by Pantheman
15 Feb 2019 20:21
Forum: General Property Questions
Topic: "Notes" on title deed
Replies: 12
Views: 3673

Re: "Notes" on title deed

Hi Zoom123 It certainly looks as if you'll never be able to own the land - better look for something else. I don't know if Pan has any idea what this is all about? Regards, For me, this is too much hassle and if the MoI has been involved anything you do may take a very loooooong time to settle. Giv...