Help - Need Some Advice Please
Posted: 28 Mar 2014 13:05
Hi all, first post and hoping for some help.
I live in England and have an apartment in Larnaca which was gifted to me from my mother, I also have the title deeds in my name.
I have decided to sell the apartment and have a friend who also lives in England that would like to purchase it. We have agreed on a price but no clue as to what to do next.
Can you please help with some advice i.e. what is the procedure that I have to follow - which department in Cyprus do I have to contact at this stage?
Also can you please explain to me the costs involved for both myself and the buyer.
And lastly, do I still have to pay Capital Gains Tax even though the apartment was a gift from my mother.
Really appreciate any help that you can offer.
Many thanks
Steve
I live in England and have an apartment in Larnaca which was gifted to me from my mother, I also have the title deeds in my name.
I have decided to sell the apartment and have a friend who also lives in England that would like to purchase it. We have agreed on a price but no clue as to what to do next.
Can you please help with some advice i.e. what is the procedure that I have to follow - which department in Cyprus do I have to contact at this stage?
Also can you please explain to me the costs involved for both myself and the buyer.
And lastly, do I still have to pay Capital Gains Tax even though the apartment was a gift from my mother.
Really appreciate any help that you can offer.
Many thanks
Steve