IPT

Pull up a chair, grab a coffee & have a chat
Post Reply
Nosher
Posts: 1
Joined: 07 Aug 2014 07:23

IPT

Post 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.
Nigel Howarth
Site Admin
Posts: 2905
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: IPT

Post 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,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Post Reply