Valuations for IPT

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Monica
Posts: 1
Joined: 03 Apr 2016 17:34

Valuations for IPT

Post by Monica »

Hi all
I am a new member and I am relieved to be able to join an organisation that may help me on my journey of property ownership in Cyprus...what a minefield it ha turned out to be,!
Can anybody please tell me ...
If my apartment was only built in 2008, how do I find out what my valuation is so I can figure out how much IPT I am liable for...? The only tables I can find is relating to values in 1980..

Many thanks in advance

Monica
Nigel Howarth
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Posts: 2534
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
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Re: Valuations for IPT

Post by Nigel Howarth »

Hello Monica and welcome to the forum.

Immovable Property Tax is set to change this year and will be based on 2013 values. We don't know yet what the rates will be but your liability should be approximately the same as last year.

If you have the deeds for the apartment, it's 1980 value will be shown - but if the deeds were produced in the last could of year they will show the 2013 valuation.

If you don't know the 2013 valuation you can follow my guide at http://www.news.cyprus-property-buyers. ... id=0018025

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
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