Developer debts

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sime
Posts: 1
Joined: 31 Mar 2021 21:03

Developer debts

Post by sime »

Hello Nigel
Our deeds are ready but the developers still have debts on the land. Which is mainly income tax and business tax that they haven't paid.
One house on our development was sold around 5 years ago, the seller and buyer between them had to pay a percentage of this debt so the plot could be separated from the title owned buy the developers.
To get my deeds am I required to do the same?
I don't see why I should pay their taxes....
Thank you. S
Nigel Howarth
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Posts: 2588
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
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Re: Developer debts

Post by Nigel Howarth »

Hi Sime and welcome to the forum,

You shouldn't have to pay the developer's debts. I suggest you apply for your Title Deed as described at https://www.news.cyprus-property-buyers ... d=00126681

Regards,
Nigel Howarth
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