Reduction in Transfer Charges

Chick-A-Dee


Joined: 16/06/2008
Posts: 342

Message Posted:
22/01/2009 17:21

Hi everyone.



We have just received notification from our solicitor about the reduction in transfer charges. can anyone shed any light on wjen the 90 days, came into force?



Is this going to turn into another registration/stamp duty fiasco?



Any information would be gratefully received.

come_on_aylin


Joined: 14/06/2008
Posts: 908

Message Posted:
22/01/2009 18:30

This was first mentioned in local papers on 9th January but best to assume that it was effective from 1st January so will continue until 31st March. There are also rumours that the discount will be extended but don't bank on it.

maddy


Joined: 12/01/2009
Posts: 24

Message Posted:
22/01/2009 21:50

I too received information from our lawyer today re the reduction in Transfer Charges and 2% of the Capital Gains Tax.

This is quite mystifying to us and any help that anyone can give would be appreciated

Maddy

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
22/01/2009 21:59

Explained here Maddy - http://nmplegal.com/news.php



Cooper

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
22/01/2009 22:27

Thanks Cooper

suntanman



Joined: 18/04/2007
Posts: 721

Message Posted:
22/01/2009 23:04

Thanks from e too cooper.



We received PTP last year, and are in process of transferring deeds. Were told last Sept that it should all be completed within 3 months. We contacted our advocate asking whether the new reduction will apply to us, to be told that our developers still aren't ready to transfer, and it may possibly be another 3 months.

Just our luck the offer will have finished.

suntanman



Joined: 18/04/2007
Posts: 721

Message Posted:
22/01/2009 23:06

sticky 'e' again

meant to type 'from me too cooper'

Ladyinwaiting


Joined: 07/10/2008
Posts: 16

Message Posted:
23/01/2009 00:45

Thanks from me too, I am very grateful for this detailed explanation. We have a different solicitor, who so far has ignored my emails regarding this matter.

Much appreciated.

Chick-A-Dee


Joined: 16/06/2008
Posts: 342

Message Posted:
23/01/2009 14:45

Thanks Cooper ...really helpful.



I see in the Cyprus today paper, that Sante Fe have legal action against them - has this affected anyone?

McSteviet



Joined: 11/05/2007
Posts: 1089

Message Posted:
23/01/2009 16:49

Cooper,



Thanks for the link, there's alot there apart from the Transfer Title issue and indeed good advice.



Mc

maddy


Joined: 12/01/2009
Posts: 24

Message Posted:
25/01/2009 13:47

Thanks cooper for the information.



Regards Maddy

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
25/01/2009 18:49

i think the gov are getting in as much cash as they can before they go!