Cyprus-Forum.com

[GreekIslandGirl]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

You are in effect transfering to a different name. Whether you buy or sell the title gets 'transferred' to a new name.
Only transfers between first degree relatives or spouses is currently free from TFs.

Oh, I see. So aunt to nephew (and vice versa) would attract transfer fees. But at 1980 evaluations, right? So agricultural land, say worth less than 12,000 Euros is exempt, or not?

(Thanks, B25 )

[B25]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

You are in effect transfering to a different name. Whether you buy or sell the title gets 'transferred' to a new name.
Only transfers between first degree relatives or spouses is currently free from TFs.

Oh, I see. So aunt to nephew (and vice versa) would attract transfer fees. But at 1980 evaluations, right? So agricultural land, say worth less than 12,000 Euros is exempt, or not?

(Thanks, B25 )

No not excempt, but the rate is different not the normal rate, i think its a flat rate. Wrong about tge 12000 figure you are confusing TF with IPT. And no, not 1980 figures but at today value as determined by the land registry.

[GreekIslandGirl]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

You are in effect transfering to a different name. Whether you buy or sell the title gets 'transferred' to a new name.
Only transfers between first degree relatives or spouses is currently free from TFs.

Oh, I see. So aunt to nephew (and vice versa) would attract transfer fees. But at 1980 evaluations, right? So agricultural land, say worth less than 12,000 Euros is exempt, or not?

(Thanks, B25 )

No not excempt, but the rate is different not the normal rate, i think its a flat rate. Wrong about tge 12000 figure you are confusing TF with IPT. And no, not 1980 figures but at today value as determined by the land registry.

Thanks, B25. I'm sure the Land Registry will be on top of it, regardless.

[B25]

I'm confused about the term "transfer". Why do you need to pay fees if you are transferring? Say, to a relative. Selling and buying is different to "transferring" isn't it?

You are in effect transfering to a different name. Whether you buy or sell the title gets 'transferred' to a new name.
Only transfers between first degree relatives or spouses is currently free from TFs.

Oh, I see. So aunt to nephew (and vice versa) would attract transfer fees. But at 1980 evaluations, right? So agricultural land, say worth less than 12,000 Euros is exempt, or not?

(Thanks, B25 )

No not excempt, but the rate is different not the normal rate, i think its a flat rate. Wrong about tge 12000 figure you are confusing TF with IPT. And no, not 1980 figures but at today value as determined by the land registry.

Thanks, B25. I'm sure the Land Registry will be on top of it, regardless.

Beware, they will try to place a higher value on the land in order to tax you more. Know your prices before you go.

Apologies for the previous fragmented message, I was replying using my phone!

[yorkshirefolk2]

Hi everyone.
Im new to the concept of title deed transfers... I have a place in Peyia - Could anyone give me advice as to how/ where would I find out if the title deeds are available - can I do it over the internet? I am currently living in Australia so cant make a visit to the local land registry office? Does anyone have any advice on how to search to ascertain whether the deeds are available /unencumbered and whether there is a discount for a first time transfer?

Sorry if I don't make much sense in this post - Im just trying to get my head around all this!!

[bill cobbett]

Hi everyone.
Im new to the concept of title deed transfers... I have a place in Peyia - Could anyone give me advice as to how/ where would I find out if the title deeds are available - can I do it over the internet? I am currently living in Australia so cant make a visit to the local land registry office? Does anyone have any advice on how to search to ascertain whether the deeds are available /unencumbered and whether there is a discount for a first time transfer?

Sorry if I don't make much sense in this post - Im just trying to get my head around all this!!

Try a phone-call. Naturally ask for someone who speaks some English... or perhaps an email.
Give it a try. You'll need the names of the buyers and ID numbers.

You need the Paphos District Land Office...

Address: New Governmental Offices, P.O.Box 60008, 8100 Pafos
Telephone: 26804160
Fax: 26306129
Email: [email protected]

... but no Deeds are issued 'til all taxes are paid including the Transfer Tax.

[Get Real!]

B25,

What happens when you own a piece of land and have a title deed for it (paid off) and you then build a house in it that you haven’t fully paid off yet?

Who pays the tax that the government is on about… the mortgagee or the bank?