Search found 2468 matches

by Nigel Howarth
05 Apr 2019 13:42
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 31685

Re: Defaulting on a loan

I am considering sending the keys back to the bank with the hope of this being full and final settlement. I have guarantors involved and I know this makes matters worse for everyone. Welcome to the forum. I haven't heard from anyone who's managed to had their property back to the bank in full and f...
by Nigel Howarth
02 Apr 2019 09:32
Forum: Property Ownership
Topic: Conversing with the DLO
Replies: 3
Views: 1167

Re: Conversing with the DLO

coops wrote:
01 Apr 2019 23:42
Are these the people who have set up in the coffee shops of the LRO
I expect they are - in Limassol they sit around outside the land office.

Regards,
by Nigel Howarth
30 Mar 2019 19:13
Forum: Communal Property Management
Topic: Decomissioning a pool
Replies: 4
Views: 1287

Re: Decomissioning a pool

Hi Peter

The law includes details of voting situations and majorities needed - see Jointly-Owned Building Law.

Regards,
by Nigel Howarth
30 Mar 2019 09:38
Forum: Communal Property Management
Topic: Decomissioning a pool
Replies: 4
Views: 1287

Re: Decomissioning a pool

Hi Peter and welcome to the forum Apologies for the delay, I've only just spotted your post. What the Management Committee should be doing is taking action against the non-payer to recover the money. But meanwhile everyone else will have to pay more to cover the shortfall. There is nothing in the la...
by Nigel Howarth
27 Mar 2019 09:07
Forum: Property Ownership
Topic: Conversing with the DLO
Replies: 3
Views: 1167

Re: Conversing with the DLO

Hi coops

I expect you're after information regarding your application for Title Deeds? There are around 70,000 others wanting the same.

There are people outside the LROs who may be able to help, but I wouldn't hold your breath.

It's a case of waiting. The LRO will be in touch eventually.

Regards,
by Nigel Howarth
27 Mar 2019 08:56
Forum: Buying Land
Topic: Cypriot Pervoli
Replies: 3
Views: 1951

Re: Cypriot Pervoli

Hi deb and welcome to the forum.

Don't buy this land. In all probability the small building has been built illegally and you will not get planning permission.

The deed will show the land, but not the building and the chances of getting it added are zero.

Regards,
by Nigel Howarth
22 Mar 2019 20:18
Forum: Selling Property
Topic: estate agent agreement
Replies: 3
Views: 1131

Re: estate agent agreement

Hi Andrew

Look at it this way - would you pay an estate agent in the UK his commission before the sale had gone through and you'd received the money?

Regards,
by Nigel Howarth
15 Mar 2019 09:25
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 1838

Re: VAT on land

Unfortunately there are no specific rules.

Regards,
by Nigel Howarth
14 Mar 2019 17:23
Forum: General Property Questions
Topic: VAT on land
Replies: 6
Views: 1838

Re: VAT on land

A couple of Cypriot friends who bought a number of plots privately ran into this problem. They bought five and decided to sell three as their gardens would be too large to manage. Their lawyer advised them that they would be liable for VAT. “… if there is a sale of two (2) plots of undeveloped land ...
by Nigel Howarth
14 Mar 2019 11:08
Forum: Announcements
Topic: British Citizens Preparing for Brexit
Replies: 0
Views: 2137

British Citizens Preparing for Brexit

I spent an informative couple of hours on Wednesday with The British High Commissioner, Stephen Lillie CMG, his team and several other guests at his residence in Nicosia. The main subject of the meeting was preparing for Brexit. As you are probably aware, the situation with Brexit is unclear at the ...
by Nigel Howarth
13 Mar 2019 19:43
Forum: General Property Questions
Topic: Revision of 2013 Valuation
Replies: 5
Views: 1819

Re: Revision of 2013 Valuation

Hi Bear As Pan has said, the taxable value is used to assess sewerage charges, which includes surface water collection. It's also use to calculate the 'local' property tax imposed by your Community or Municipality. The last time taxable values were assessed was in 2013 - and there was a process by w...
by Nigel Howarth
13 Mar 2019 01:11
Forum: General Property Questions
Topic: Revision of 2013 Valuation
Replies: 5
Views: 1819

Re: Revision of 2013 Valuation

The value of an estimated 2 million properties are to be re-assessed. The procedure is underway and should be completed by the end of June.

As Pan has said, the valuation is not the market value - it's the taxable value which is used to calculate property-related taxes.

Regards,
by Nigel Howarth
08 Mar 2019 00:06
Forum: Introduce Yourself
Topic: New Forum User
Replies: 3
Views: 1213

Re: New Forum User

Hi socofian4

You can find details of the changes at Cyprus Investment Programme and Cyprus Investment Programme – 15 May 2019.

Regards,
by Nigel Howarth
06 Mar 2019 19:16
Forum: Louise Zambartas' Legal Questions
Topic: The (accidental?) Imposition of Forced Inheritance.
Replies: 2
Views: 1820

Re: The (accidental?) Imposition of Forced Inheritance.

Hi The Bear I published an article about changes to inheritance law in 2015 - Inheritance in the EU . "Under the new rules, the courts of the EU country where the person usually lived at the time of their death will deal with the inheritance and will apply the law of that EU country. However, citize...
by Nigel Howarth
05 Mar 2019 23:50
Forum: Contacts
Topic: Branches of trees collection
Replies: 3
Views: 2033

Re: Branches of trees collection

You could try to find someone to take them away for you - perhaps someone with a twin cab. But they'll need to be paid for their troubles.

We have our trees cut every two years. As I recall the man with the skip charges us €50.

Regards,