Cyprus-Forum.com

[Pyrpolizer]

My mother is still waiting to get her property that was stolen by the Turks.

Any comments for all the GC s who had their properties stolen from them too.

They were not citizens of the "TRNC" or Turkey when their property was stolen by the former either, just like this guy.

That's the sad reality, of the Cyprus problem. It's all about theft.
Not only from the TC side but from the GC side as well, (under cover). Properties left behind by TCs will be shared among some GC sharks. Most TCs already got stolen lands worth multiple times more than what they left behind, and what's left was given to settlers... Varoshia will be shared between big TC and Turkish sharks too.
In the meantime GCs non refugees got rich at the expense of GC refugees, while most TCs - refugees or not with the exception of sharks, will one day abandon the place and be replaced by settlers.

[Lordo]

It sounds as the transfer was done without any payment of taxes too.

If anybody can find out information regarding taxes and how much property this fellow had would be really useful. Also if anybody can suggest a GC lawyer that is decent and has offices in both Cyprus and London would be very helpful too.

The taxes for immovable property in Cyprus are insignificant, and if there are pending amounts, they are payable at the time you issue new deeds, or within a week prior to sell. In addition to that you pay capital gains e.g. if when his father transferred ownership the value of the property was 100K and now 1M then you pay tax on capital gain of 900K which might be as high as 35%.
There are many people who try to sell their properties and get surprised to hear they have to pay thousands in capital gains BEFORE they sell.* This happened to the owner from which my daughter had agreed to buy a house. In the end the deal was cancelled, because the owner didn't have the money to pay and secondly because he calculated wrong in thinking he could buy a new one for himself.

I did search about your request of how much property the guy had. There was nothing in newspapers other than the fact that most of the property was in Ayia Triada area of Limassol, it was quite big, and there was also a building block in central Limassol in Heroes square. That one alone should worth at least half a million. Also notice the 345K he got for loss of use was actually 310K plus interest.

The biggest problem for this guy in case he intends to sell will be this--> (*).
Assuming he doesn't have the money, then the only solution is to find someone willing to lend him the money to pay the capital gains.

Thanks for the info Pypro. Any idea who the lawyer was please?

I have no issue with selling as I do not intend to sell anything. I shall upset my Eastender friend by becoming a landlord and renting my properties.

[Maximus]

My mother is still waiting to get her property that was stolen by the Turks.

Any comments for all the GC s who had their properties stolen from them too.

They were not citizens of the "TRNC" or Turkey when their property was stolen by the former either, just like this guy.

That's the sad reality, of the Cyprus problem. It's all about theft.
Not only from the TC side but from the GC side as well, (under cover). Properties left behind by TCs will be shared among some GC sharks. Most TCs already got stolen lands worth multiple times more than what they left behind, and what's left was given to settlers... Varoshia will be shared between big TC and Turkish sharks too.
In the meantime GCs non refugees got rich at the expense of GC refugees, while most TCs - refugees or not with the exception of sharks, will one day abandon the place and be replaced by settlers.

“it is unacceptable that we have not been able to resolve the Cyprus issue in the right way for so long, thus maintaining a dangerously frozen conflict in one of our member states, which harms the vital interests of all Cypriot citizens”

it doesn't mater who said it but its a nice summation because solving it in the right way would mean Turkey and the TC's would lose the occupation and psuedo state and their designs for a completely bias and discriminatory systm of governance where the GC's are oppressed and treated like 2nd class citizens so the TC's can feel safe.

This is why all this jargon that bordo and his clan come out with related to past opportunities just dont cut it. Because the TC have always been trying to resolve the Cyprus problem in all the wrong ways.

[Lordo]

My mother is still waiting to get her property that was stolen by the Turks.

Any comments for all the GC s who had their properties stolen from them too.

They were not citizens of the "TRNC" or Turkey when their property was stolen by the former either, just like this guy.

That's the sad reality, of the Cyprus problem. It's all about theft.
Not only from the TC side but from the GC side as well, (under cover). Properties left behind by TCs will be shared among some GC sharks. Most TCs already got stolen lands worth multiple times more than what they left behind, and what's left was given to settlers... Varoshia will be shared between big TC and Turkish sharks too.
In the meantime GCs non refugees got rich at the expense of GC refugees, while most TCs - refugees or not with the exception of sharks, will one day abandon the place and be replaced by settlers.

“it is unacceptable that we have not been able to resolve the Cyprus issue in the right way for so long, thus maintaining a dangerously frozen conflict in one of our member states, which harms the vital interests of all Cypriot citizens”

it doesn't mater who said it but its a nice summation because solving it in the right way would mean Turkey and the TC's would lose the occupation and psuedo state and their designs for a completely bias and discriminatory systm of governance where the GC's are oppressed and treated like 2nd class citizens so the TC's can feel safe.

This is why all this jargon that bordo and his clan come out with related to past opportunities just dont cut it. Because the TC have always been trying to resolve the Cyprus problem in all the wrong ways.

Do I detect a sense of superiority here. There is a right way and the wrong way to solve the Cyprus problem? Fucking hell.

The Immovable Property Commission (IPC)was set up in 2005 to deal with claims and compensation relating to land and/or property in the TRNC that was owned by Greek Cypriots prior to July 1974. The

IPC is approved by the European Court of Human Rights

and has been in full operation since March 2006.

I will return after my visit to the hospitals as my sides have split from laughter.

[Lordo]

It sounds as the transfer was done without any payment of taxes too.

If anybody can find out information regarding taxes and how much property this fellow had would be really useful. Also if anybody can suggest a GC lawyer that is decent and has offices in both Cyprus and London would be very helpful too.

The taxes for immovable property in Cyprus are insignificant, and if there are pending amounts, they are payable at the time you issue new deeds, or within a week prior to sell. In addition to that you pay capital gains e.g. if when his father transferred ownership the value of the property was 100K and now 1M then you pay tax on capital gain of 900K which might be as high as 35%.
There are many people who try to sell their properties and get surprised to hear they have to pay thousands in capital gains BEFORE they sell.* This happened to the owner from which my daughter had agreed to buy a house. In the end the deal was cancelled, because the owner didn't have the money to pay and secondly because he calculated wrong in thinking he could buy a new one for himself.

I did search about your request of how much property the guy had. There was nothing in newspapers other than the fact that most of the property was in Ayia Triada area of Limassol, it was quite big, and there was also a building block in central Limassol in Heroes square. That one alone should worth at least half a million. Also notice the 345K he got for loss of use was actually 310K plus interest.

The biggest problem for this guy in case he intends to sell will be this--> (*).
Assuming he doesn't have the money, then the only solution is to find someone willing to lend him the money to pay the capital gains.

There should be no issue with capital gains tax payment as if he is selling and he knows he will have the money to pay it, he can arrange for a very short bridging loan to manage it. Assuming that he has done the calculations and the remainder of the money he is happy with.

However capital gains tax is very similar to the UK one. If a parent transfers the property to their child and live for 7 years afterwards elsewhere other than the property being transferred, there is no capital gains tax to be paid.

[Pyrpolizer]

My mother is still waiting to get her property that was stolen by the Turks.

Any comments for all the GC s who had their properties stolen from them too.

They were not citizens of the "TRNC" or Turkey when their property was stolen by the former either, just like this guy.

That's the sad reality, of the Cyprus problem. It's all about theft.
Not only from the TC side but from the GC side as well, (under cover). Properties left behind by TCs will be shared among some GC sharks. Most TCs already got stolen lands worth multiple times more than what they left behind, and what's left was given to settlers... Varoshia will be shared between big TC and Turkish sharks too.
In the meantime GCs non refugees got rich at the expense of GC refugees, while most TCs - refugees or not with the exception of sharks, will one day abandon the place and be replaced by settlers.

“it is unacceptable that we have not been able to resolve the Cyprus issue in the right way for so long, thus maintaining a dangerously frozen conflict in one of our member states, which harms the vital interests of all Cypriot citizens”

it doesn't mater who said it but its a nice summation because solving it in the right way would mean Turkey and the TC's would lose the occupation and psuedo state and their designs for a completely bias and discriminatory systm of governance where the GC's are oppressed and treated like 2nd class citizens so the TC's can feel safe.

This is why all this jargon that bordo and his clan come out with related to past opportunities just dont cut it. Because the TC have always been trying to resolve the Cyprus problem in all the wrong ways.

The will of the real TCs has been eroded a)By Denktash holding them in prison up until 2004 (30 years) then by the votes of settlers electing Turkey's puppets like Eroglu and Tatar and c)By Turkey who together with Denktash made sure that their electoral system together with what they did with the GC properties were such, that even if by some miracle some pro solution person like Akinci or Talat comes to power, a solution would still be nearly impossible.
I still beleive we had some hope with Akinci, but unfortunately, Anastasiades the hidden partitionist wolf among us, killed it.
In a nutshell it's not fair to accuse the average TC for the current or past situation, as it is not fair to accuse the average GC.

I can actually understand Lordo's "happiness on hope", and wish him good luck.
Do you know how many GCs passed through the same stage of "happiness on hope"?

[Pyrpolizer]

Thanks for the info Pypro. Any idea who the lawyer was please?

No, none of the newspapers said who he was. However the court also decided for 21K legal expenses in favor of the winner. This sounds too small of a fee considering the value of the properties, therefore he probably isn't one of the big names.
Imagine Achilleas Demetriades the lawyer who won the case of Titina Loizidou Vs Turkey at UCHR, asks for 15K just to write the first letter to UCHR!

Probably it was a TC lawyer, there are still TC lawyers who who speak perfect Greek holding practice license from Roc from the 60s, and do show up in courts sometimes.

[Kikapu]

Thanks for the info Pypro. Any idea who the lawyer was please?

No, none of the newspapers said who he was. However the court also decided for 21K legal expenses in favor of the winner. This sounds too small of a fee considering the value of the properties, therefore he probably isn't one of the big names.
Imagine Achilleas Demetriades the lawyer who won the case of Titina Loizidou Vs Turkey at UCHR, asks for 15K just to write the first letter to UCHR!

Probably it was a TC lawyer, there are still TC lawyers who who speak perfect Greek holding practice license from Roc from the 60s, and do show up in courts sometimes.

It is also very possible that the lawyer took a contingency fee of the award to client at 30%-40%.!

21K was probably out of pocket expenses and not the legal fees.

[Lordo]

Thanks for the info Pypro. Any idea who the lawyer was please?

No, none of the newspapers said who he was. However the court also decided for 21K legal expenses in favor of the winner. This sounds too small of a fee considering the value of the properties, therefore he probably isn't one of the big names.
Imagine Achilleas Demetriades the lawyer who won the case of Titina Loizidou Vs Turkey at UCHR, asks for 15K just to write the first letter to UCHR!

Probably it was a TC lawyer, there are still TC lawyers who who speak perfect Greek holding practice license from Roc from the 60s, and do show up in courts sometimes.

I agree with you regarding the fee. In 10 years to be charged 21K is very reasonable. Not only could he be a TC lawyer but a reasonable TC lawyer at that.

However if the case has a good chance of being won perhaps it is worth employing one of them.

[Lordo]

Thanks for the info Pypro. Any idea who the lawyer was please?

No, none of the newspapers said who he was. However the court also decided for 21K legal expenses in favor of the winner. This sounds too small of a fee considering the value of the properties, therefore he probably isn't one of the big names.
Imagine Achilleas Demetriades the lawyer who won the case of Titina Loizidou Vs Turkey at UCHR, asks for 15K just to write the first letter to UCHR!

Probably it was a TC lawyer, there are still TC lawyers who who speak perfect Greek holding practice license from Roc from the 60s, and do show up in courts sometimes.

It is also very possible that the lawyer took a contingency fee of the award to client at 30%-40%.!

21K was probably out of pocket expenses and not the legal fees.

But surely when the court awards legal costs, it is all the legal costs, is it not?
I think I have tracked him down on Social Media and asked him for the name of the lawyer. If indeed it is the person who had the court case.