Sorry to raise this old chestnut but having asked a specific question at their office (and got no sensible reply) I'm still non the wiser.
The property development company who built my house is in liquidation owing millions and I have no title deed.
Do I have to pay IPT?
Is it possible for a simple yes or no answer or is it more complicated?
Nosh.
IPT
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Re: IPT
Hi Nosh and welcome to the forum,
If the liquidation does not result in your property being seized - and its Title Deeds are eventually issued, someone will have to pay the Immovable Property Tax + the Capital Gains Tax arising from the sale before the deeds to the property can be transferred to you.
Regards,
If the liquidation does not result in your property being seized - and its Title Deeds are eventually issued, someone will have to pay the Immovable Property Tax + the Capital Gains Tax arising from the sale before the deeds to the property can be transferred to you.
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news