Search found 2523 matches

by Nigel Howarth
02 Mar 2008 15:03
Forum: Introduce Yourself
Topic: Hello
Replies: 1
Views: 4118

Re: Hello

Hello Andrew & welcome,

I see you've already picked up on one question about insurance - no doubt there'll be more!

Feel free to put your website in your profile, it will help people to find you.

Regards,
by Nigel Howarth
29 Feb 2008 21:07
Forum: Contacts
Topic: Solicitors
Replies: 9
Views: 14360

Re: Solicitors

Hi Sheila, Unfortunately, I very much doubt that you'll be able to negotiate a snagging payment into a contract that you've already signed. The way it works is that you hold back an agreed amount of each invoice issued by the developer - this is known as Retention - and it needs to be included in yo...
by Nigel Howarth
29 Feb 2008 18:28
Forum: Contacts
Topic: Solicitors
Replies: 9
Views: 14360

Re: Solicitors

Excellent!

No doubt he's been following your tale of woe on this forum :wink:
by Nigel Howarth
28 Feb 2008 18:35
Forum: Contacts
Topic: Solicitors
Replies: 9
Views: 14360

Re: Solicitors

maybe my lawyer just didn't think it was necessary to let me know his findings. He should advise you in writing of his findings - it saves a lot of 'misunderstandings'. I'm sure if you keep twisting his arm he'll reply eventually. It's often difficult trying to get replies to emails, letters, and p...
by Nigel Howarth
27 Feb 2008 18:50
Forum: Contacts
Topic: Solicitors
Replies: 9
Views: 14360

Re: Solicitors

Hi Sheila, I'm surprised that your lawyer didn't check out the developer, town planning & building permits and title before you signed the contract - these are amongst the very basic pieces of work he should have undertaken to ensure your interests were protected. As you have already paid the lawyer...
by Nigel Howarth
22 Feb 2008 22:14
Forum: Buying Off-Plan
Topic: Certificate of Approval
Replies: 10
Views: 17374

Re: Certificate of Approval

Maybe I'll write to the next President asking him which laws we should keep and which ones we can ignore. :wink:

Cheers,
by Nigel Howarth
22 Feb 2008 22:10
Forum: Suggestions
Topic: classified section
Replies: 6
Views: 23523

Re: classified section

Hello Pan, I've already had a couple of enquiries about sponsoring the site - I'm still thinking about it. I look at all my websites as a 'social business' as defined by Muhammad Yunus. All I'm really looking to do is to recover my costs - and I get a few cents every time someone clicks on one of th...
by Nigel Howarth
22 Feb 2008 21:51
Forum: General Property Questions
Topic: Green Area
Replies: 9
Views: 12085

Re: Green Area

Hi Pan, That's a good one! I have no idea! Logically, when the Title Deed is issued, it would be in the name of the developer. The Community/Municipality would need to get ownership transferred to their name - or perhaps they have a long-term lease on in at a peppercorn rent - or, as it's a conditio...
by Nigel Howarth
22 Feb 2008 12:16
Forum: General Property Questions
Topic: Green Area
Replies: 9
Views: 12085

Re: Green Area

Hi Pan, Last year our local developer in Erimi set out a green area next to me. He put a wall around it, put in some trees and other plants, a watering system and childrens' play equipment. It looked very nice when he'd finished. But now it's overgrown, most of the trees and many of the shrubs have ...
by Nigel Howarth
22 Feb 2008 12:11
Forum: Buying Off-Plan
Topic: Certificate of Approval
Replies: 10
Views: 17374

Re: Certificate of Approval

Hi Pan, I agree that Sheila is very unlikely to be prosecuted. However, those buying property need to ensure they abide by the laws of the land (otherwise anarchy would reign). IMHO, Article 10 of the Streets and Buildings Regulations Law, Cap. 96, provides a vital safeguard for buyers that the prop...
by Nigel Howarth
21 Feb 2008 14:27
Forum: Selling Property
Topic: Costs of selling Inherited land
Replies: 12
Views: 20784

Re: Costs of selling Inherited land

Hi Lamb,

The only inflation figures I have are for 1996-2003. And as these were not produced by the Cyprus Government, I'm not sure how accurate they are:

1996 3.0%
1997 3.6%
1998 2.2%
1999 1.7%
2000 4.1%
2001 2.0%
2002 2.8%
2003 4.1%

Regards,
by Nigel Howarth
21 Feb 2008 10:52
Forum: Selling Property
Topic: Costs of selling Inherited land
Replies: 12
Views: 20784

Re: Costs of selling Inherited land

Hi Lamb, The 20% you pay will be the Capital Gains Tax - this will be calculated on the the amount you receive for the land (125,000) less its worth on the Title Deed (I'm not sure if the 2,000 you mention is the 1980 assessed value of your share or the total plot). And yes, they will take inflation...
by Nigel Howarth
17 Feb 2008 23:41
Forum: Selling Property
Topic: Paying Back VAT Refunds
Replies: 5
Views: 9245

Re: Paying Back VAT Refunds

Thanks Ped - and you.

Cheers,
by Nigel Howarth
17 Feb 2008 21:10
Forum: Selling Property
Topic: Paying Back VAT Refunds
Replies: 5
Views: 9245

Re: Paying Back VAT Refunds

It wouldn't have made any difference.

When he sold it to you, it would have been considered a new property (assuming you were its first occupants). When you sell it, it will be considered a 'resale' property - and resale property is currently exempt from VAT.

Regards,
by Nigel Howarth
17 Feb 2008 14:32
Forum: Selling Property
Topic: Paying Back VAT Refunds
Replies: 5
Views: 9245

Re: Paying Back VAT Refunds

Hi Ped, Yes, I'm afraid you'll have to pay back the VAT rebate. One of the conditions of the scheme is that you must keep the property for at least ten years. There's a page on my main website about the VAT arrangements. You can find it at: http://www.cyprus-property-buyers.com/law/vat-regulations.h...