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IPT

Posted: 08 Aug 2014 08:15
by Nosher
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.

Re: IPT

Posted: 08 Aug 2014 11:23
by Nigel Howarth
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,