Propety transfer charges

andyandsand


Joined: 14/04/2008
Posts: 22

Message Posted:
06/11/2011 23:47

Just about to pay the taxes etc to get the title deeds on our property out in North Cyprus ( price quoted is valid for 30 days the Solicotr said) and now our he tells me that the transfer charges have increased from 3% to 6% from 1 November so I have to pay an extra 5,000 STG to the price quoted - has anyone else heard of this one please?

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
07/11/2011 00:01

There was a thread about it

a couple of days ago

andyandsand


Joined: 14/04/2008
Posts: 22

Message Posted:
07/11/2011 00:05

Sorry - I did have a quick look through before I posted - I know how annoying it can be when people ask things that have been asked before - I will look again.

hameln


Joined: 06/11/2011
Posts: 22

Message Posted:
07/11/2011 00:10

its front page tday. just trnc politicos trying to get as much money in for themselves as possible before they step down and mainland turkish politicians take their place.

andyandsand


Joined: 14/04/2008
Posts: 22

Message Posted:
07/11/2011 00:13

So, should I pay or should I wait ???

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
07/11/2011 00:21

Here is the thread



http://www.cyprus44.com/forums/77649.asp

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
07/11/2011 16:48

It's the Property Tax that has increased from 3% to 6&

judyr


Joined: 07/07/2009
Posts: 956

Message Posted:
07/11/2011 16:58

In exactly the same boat as you! Email me off board to have a chat privately because I too am in a dilemma. judyvincent@live.co.uk

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
07/11/2011 17:21

It is the law as from last month. Nothing you can do about it if you dont pay up you dont get the deeds. Bad situation i am afraid makes the signed contract worthless really as the government can change things whenever they wish. It was just a concession a few years ago to foreign buyers to pay 3 percent on a first purchase and they have revoked it now.

neylandboy1


Joined: 27/02/2009
Posts: 12

Message Posted:
07/11/2011 17:42

yet for a local [Turkish Cypriot] nothing has changed, it is still at 3 percent, if thats not discrimination I dont know what is, imagine what would happen in the UK if they brought a tax like that!

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
07/11/2011 20:38

Well as its their country they get the best deal. Young people are finding it difficlut to buy property now as values have risen since the foreigners bought cheaply.

natalie


Joined: 03/05/2009
Posts: 323

Message Posted:
07/11/2011 21:11

Good point message 10. Perhaps if they had decreased the property tax to say for example 2% for locals, we could all stomach that and the locals would in fact benefit?

Pogle


Joined: 28/08/2008
Posts: 1536

Message Posted:
07/11/2011 21:11

Would that be the cheap property built on the land sold by the young persons parents?

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
08/11/2011 00:09

Pogle,



No,it wouldn't be,since the parents of those have bought their kids range rovers with that.

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
08/11/2011 07:00

Yes we bought at very sensible prices but now we could buy the same even cheaper, and do not buy into the idea it is to encourage young Turkish Cyps to buy, it is just another way to get more cash from the foreignners because the Govt thought we bought too cheaply initially. Not that I agree with that, but who pitched the price - certainly not the purchaser.



IN a meeting with a certain MInister last week, I asked the question why the loss of the discount, his immediate reply was because you bought cheaply. My reply was that is racist and possibly a vioilation of human rights. His respone - a smile.

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
08/11/2011 08:57

pollymarbles



'his' reply should've been................'they' should never have been aloud\able to sell houses that are built on disputed lands in the first place....................cheapness falls into second category,or at least had the decency to give purchasers their so called title deeds.



That'd realy have given ME the opportunity to accuse of buying 'cheap'.



However,he (assumed minister) is trying to change the law for at least the existing cases at the very least and has put a proposal forward to parliement...............passes or not is another story!

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
08/11/2011 15:03

Yes indeed Yorg not a good week, one way and another for that particular Minister.

judyr


Joined: 07/07/2009
Posts: 956

Message Posted:
08/11/2011 16:13

"andyandsand" have you made any decision? I am also wondering whether to wait and hope that if people hold back in paying 6% we might see 3% or is that just wishful thinking? I feel most agrieved by this because we had our figures through in June @ 3% but had to wait until our solicitors has a response from the vendors and now the 6% has been applied!!! If only .......................what a wondeeful thing hindsight is!