stamp duty

rusey


Joined: 02/03/2008
Posts: 1

Message Posted:
02/03/2008 23:14

can some one give me info on the new conditions of paying stamp duty tax



what are the deadline dates to pay the 0.5%.



thanks

orangekazzie



Joined: 31/07/2007
Posts: 1091

Message Posted:
02/03/2008 23:17

Hi Rusey

Welcome to the board.

There has been plenty of activity on this subject recently. I'll bring it to the top for you.

Karen

orangekazzie



Joined: 31/07/2007
Posts: 1091

Message Posted:
02/03/2008 23:21

Hi Rusey

Put this url into your search bar as this should answer your questions.



http://www.cyprus44.com/forums/1332.asp

Karen

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
03/03/2008 00:11

Rusey,

Just to sum it up for you:

Stamp duty is 0.5% for contracts. All penalties cancelled until 31st March 2008. After this date it will be back to 1.5% (0.5% + 1.0% penalty for late payment). Part amnesty for penalties will continue until 11th July 2008 i.e. contracts dated 2004 or before will pay only 0.7%.



Final date for registration for contracts dated 1st January 2008 or earlier is 7th April 2008.

ismet

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
03/03/2008 10:33

Elco .

could i have you're opinion on this.

Owing to the fact owner lives in UK finally manages to get to the

the tax office after the 31st March offering to pay the stamp duty of 0.5% , would they in you're opinion refuse payment ?

would it go on record that the owner tried to pay stamp duty but it was refused ?

Or would they except the payment of just 0.5% ?

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
03/03/2008 12:28

They should refuse it point blank. Nobody can negotiate despite the law. No record. If anybody wishes to take the matter to the court they should have a wittness with them but it is futile.

ismet

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
03/03/2008 13:30

Thankyou for reply Elco .