Hi there.
Can you advise if purchasing a resale property (the owner has the deeds), is immovable property tax based on the purchase price today or is it still 01/01/1980 please?
If it's based on 1980 price ie: below €12,500. which I believe made it exempt, where on a deed would this show please?
Hope this makes sense.
Thank you.
Immovable property Tax
Re: Immovable property Tax
At this present time, there is no IPT, there is no need for the 1980 value.susiecoo wrote: ↑03 Jul 2021 15:35 Hi there.
Can you advise if purchasing a resale property (the owner has the deeds), is immovable property tax based on the purchase price today or is it still 01/01/1980 please?
If it's based on 1980 price ie: below €12,500. which I believe made it exempt, where on a deed would this show please?
Hope this makes sense.
Thank you.
On older deeds it is clearly shown in the body of the deeds , but now only the 2013 and 2018 general valuations are shown.
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FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com
Re: Immovable property Tax
Oh thanks for answering Pan, that’s a relief.