Stoppage tax................North Cyprus Forums Homepage Join Cyprus44 Board | Already a member? Login
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paddywack
Joined: 04/05/2009
Posts: 959
Message Posted:
03/03/2012 11:17 | | Join or Login to Reply | Message 1 of 8 in Discussion |
| Can any one explain what type of tax this is please. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
03/03/2012 11:36 | | Join or Login to Reply | Message 2 of 8 in Discussion |
| nick nack padywack - give yer lawyer a phone...... |
MrsSnakes
Joined: 19/12/2008
Posts: 1100
Message Posted:
03/03/2012 11:41 | | Join or Login to Reply | Message 3 of 8 in Discussion |
| I think it may be like capital gains tax |
ozankoys
Joined: 20/06/2008
Posts: 905
Message Posted:
03/03/2012 11:47 | | Join or Login to Reply | Message 5 of 8 in Discussion |
| Stoppaj is effectively a sales tax. On property it is paid on transfer it is supposed to be the responsibility of the Vendor & is 6% (for professional seller) of the contract price or the price the property is valued at by the Land Registry whichever is higher.
Everyone has a once only exemption to sell a property without paying Stoppaj.
Well I think this is correct unless it has been changed ............................ |
yorgozlu
Joined: 16/06/2009
Posts: 4437
Message Posted:
03/03/2012 16:27 | | Join or Login to Reply | Message 6 of 8 in Discussion |
| stopaj.....................stamp duty |
judyr
Joined: 07/07/2009
Posts: 956
Message Posted:
03/03/2012 16:37 | | Join or Login to Reply | Message 7 of 8 in Discussion |
| Message 5 is correct but if there are trees on the land the exemption does not apply to them. There will still be some to pay albeit not the full amount. I don't know how much but your lawyer will advise. |
paddywack
Joined: 04/05/2009
Posts: 959
Message Posted:
03/03/2012 17:13 | | Join or Login to Reply | Message 8 of 8 in Discussion |
| Msg 2
I was hoping to get an explanation in layman speak |
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