Search found 807 matches

by Pantheman
02 Dec 2022 10:11
Forum: Buying Property 'Off-Plan'
Topic: 5% reduced VAT problem with buying a plot and building independently
Replies: 4
Views: 13643

Re: 5% reduced VAT problem with buying a plot and building independently

The vat can be 5% before you build. Your builder will have to apply for this reduced rate. It is done via his accountant. You do not have to finished building and move in.

I have family that built with the reduced rate before the construction was completed.

As your prospective builder about this.
by Pantheman
28 Nov 2022 10:16
Forum: General Property Questions
Topic: Boiler service
Replies: 2
Views: 1760

Re: Boiler service

In my book, all the infrastructure should be in good working order and it is the landlords responsibility to ensure as such. Of course the is no law, otherwise where does it stop. You will otherwise be paying for something that is not yours, your rental payments should cover any repairs needed. Chal...
by Pantheman
22 Nov 2022 13:29
Forum: Selling Property
Topic: New stealth tax upon selling
Replies: 4
Views: 3746

New stealth tax upon selling

As of Monday 21/11/2022, the Land registry will no longer accept transfers without the new tax being paid. The tax was vote into force on the 1/2/2021, but was never implemented as the tax office was; a. not set up to collect it, and b. no one knew what to do. The tax is called the equal burden tax ...
by Pantheman
03 Nov 2022 12:39
Forum: Communal Property Management
Topic: communal fees - penalty fee
Replies: 10
Views: 8324

Re: communal fees - penalty fee

https://www.stockwatch.com.cy/el/articl ... m=facebook

Sorry it's in Greek but easily translatable.

No transfer of property with outstanding communal fees!! Hip Hip Hooray.
by Pantheman
29 Oct 2022 20:53
Forum: General Property Questions
Topic: Using property for family and friends
Replies: 2
Views: 1855

Re: Using property for family and friends

I currently own a property in Paphos and allow family and friends to stay there if they cover the costs of their stay. I don't advertise the property anywhere as its just people we know. Do I still need a licence under the new law passed in 2020 does anyone know? Thanks for any help No, you don't n...
by Pantheman
27 Oct 2022 19:52
Forum: General Property Questions
Topic: Building Permit
Replies: 2
Views: 1898

Re: Building Permit

Hi, Your lawyer can contact the District Admin of the district you are in. If you have the complex name and who the developer was, they may be able to trace it. If you have plans on your original contract that details the architects name then you could approach him and ask if he will produce it, at ...
by Pantheman
23 Oct 2022 13:44
Forum: General Property Questions
Topic: Jount Buiding Insurance
Replies: 6
Views: 2698

Re: Jount Buiding Insurance

The committee is responsible to insure the jointly owned property as per the law. This owner has to comply and pay towards it. However, she/he can have their own insurance for the internals of their apartment as a separate insurance, but cannot be isolated from the main jointly owned property insura...
by Pantheman
13 Oct 2022 08:53
Forum: General Property Questions
Topic: Looking for a contractor for renovating a property in Limassol
Replies: 2
Views: 1904

Re: Looking for a contractor for renovating a property in Limassol

dima_mak wrote: 11 Oct 2022 15:48 Hi,
Someone can suggest a contractor for renovating a property in Limassol?
Thank you!
Call Elias on 96015121 Jigsaws Property Management.

Please mention me, Panayiotis from FSB Properties , he will take good care of you.
by Pantheman
11 Sep 2022 16:48
Forum: Communal Property Management
Topic: 75% owners vote
Replies: 3
Views: 2609

Re: 75% owners vote

Hi WillowTree Looking through the law, it states "by decision of the owners of at least seventy five per cent (75%) of the jointly-owned property" That is not 75% of the owners, it's the owners of 75% of the jointly-owed property. (The percentage of the jointly-owned property that each owner owns i...
by Pantheman
10 Sep 2022 09:42
Forum: General Property Questions
Topic: Selling with furniture
Replies: 6
Views: 2751

Re: Selling with furniture

Hello again Nigel I am wondering how much a solicitor how much a solicitor may charge for a ‘furniture agreement’? Any advice is most welcome. Seriously, when the lawyer draws up the sale contract he will also do a 'Furniture Agreement', it'll all be included in the price he asks once you tell him ...
by Pantheman
10 Sep 2022 09:41
Forum: General Property Questions
Topic: Selling with furniture
Replies: 6
Views: 2751

Re: Selling with furniture

Hi Nigel Thank you. Read the article you gave me the link to. Very useful. I just need clarification - I am a uk resident and pay my taxes to the uk. Will I pay capital gains tax to Cypriot tax office or the uk tax office ? Thank you Yes CGT is paid in Cyprus and will be offset against any CGT dema...
by Pantheman
10 Sep 2022 09:39
Forum: General Property Questions
Topic: Property Transfer to Heir
Replies: 5
Views: 2610

Re: Property Transfer to Heir

Hi One further question: can the probate costs for cy will to be executed be offset against capital gains tax when the property is sold please? No, probate is to allow the administrator to sign on behalf of the deceased. Once sold it is as if the deceased is selling it. Any capital gains tax will b...
by Pantheman
07 Sep 2022 13:45
Forum: General Property Questions
Topic: Property zones
Replies: 3
Views: 2164

Re: Property zones

Hi, We are want to buy some land near Polis to build a house. We have been offered all sorts of plots from agents but we are worried that they do not really know how easy or difficult it will be to obtain planning permission or that they are are sure of the land zoning. Where can I find a list of t...
by Pantheman
07 Sep 2022 13:38
Forum: General Property Questions
Topic: Updated title deeds
Replies: 3
Views: 2112

Re: Updated title deeds

Hi pissouri123 It's the purchaser's responsibility to to instruct their lawyer to carry out a title search on the property . The cost of the actual search is €20, but the lawyer will include their fees for doing the work. It does involve two trips to the Land Registry office - one to request the se...
by Pantheman
06 Sep 2022 09:05
Forum: General Property Questions
Topic: Building Permissions Z1 Zoning
Replies: 6
Views: 3275

Re: Building Permissions Z1 Zoning

Thanks Nigel! Is there any contact information for Pantheman? It's starting to sound like the only way to know is to apply for a building permit. Is that a document accessible online or do I need to be in Cyprus to fill it out? Cheers! Hello SPapa, Some questions for you: 1. Where is you land locat...