property tax reduction

frankedad


Joined: 21/11/2008
Posts: 346

Message Posted:
04/06/2009 21:50

does any one know when the discounted property tax period ends ie (the reduction from 3% to .75%)

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
04/06/2009 21:52

Details here - http://www.hbpg-trnc.net/documents/tax_transfer.html



Cooper

frankedad


Joined: 21/11/2008
Posts: 346

Message Posted:
04/06/2009 22:02

thanks Cooper thats grand .

dozza67


Joined: 11/07/2008
Posts: 607

Message Posted:
04/06/2009 22:04

We were told by our solicitor only the other day that the cut off date was 30th June - BUT - they were waiting for word to see if it would be further extended - watch this space.

Jayboy


Joined: 16/11/2008
Posts: 18

Message Posted:
04/06/2009 23:25

In response to message 4, I too have heard from my lawyer that the tax reduction period might be extended further beyond 30th June. Does anyone have any definite information or konw where such information can be obtained?



Jayboy

ozankoys


Joined: 20/06/2008
Posts: 905

Message Posted:
05/06/2009 08:05

I have heard that it has been extended to July 8th.

Jayboy


Joined: 16/11/2008
Posts: 18

Message Posted:
07/06/2009 21:39

Does anyone have any firm information as to whether the tax concession will be extended beyond 30th June?



Jay

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
08/06/2009 08:25

Jayboy the latest date at the moment is the 8th July. Details in message 2 above.



Cooper

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
08/06/2009 11:44

On going to the website from message to, what is the difference on the buyers property tax of 6% or 3%. Who has to pay the 3 and who pays the 6? Sorry if I sould a bit thick. Is the KDV still 5%. I know some people grumble about this board, but I think it's brilliant for helping people plough their way through some of

the things we need to know.

Jayboy


Joined: 16/11/2008
Posts: 18

Message Posted:
13/06/2009 20:07

The HMPG website confirms that the temporary reduction in property tax from 3% to 0.75% ends on 30/6/09. Does anyone have any firm evidence whether this is likely to be extended again?

Oxoners


Joined: 24/01/2008
Posts: 128

Message Posted:
13/06/2009 20:22

Spoke to our solicitor yesterday told me not to except an official announcement of extended deadline until last week of June

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
13/06/2009 21:17

Be much better if the TRNC Government announced the end of PTP. Just think of the tax revenue that would bring in to a bankrupt economy.

Lemtich



Joined: 15/02/2007
Posts: 1487

Message Posted:
13/06/2009 21:26

Message 9



Everyone has to pay 6% but everyone also has the one off option of paying 3%. Depends whether you are going to buy and then sell on for something more expensive. In that case it would pay to defer taking the 3% option on the initial purchase and keep it for the more expensive one. Yes, KDV is still 5%, you pay it to your builder and they should issue you an official receipt with a stamp on it (Fatura).



Lem

ginty


Joined: 11/03/2009
Posts: 228

Message Posted:
13/06/2009 23:38

sorry if I sound stupid but when do you pay the property tax and what is KDV

Lemtich



Joined: 15/02/2007
Posts: 1487

Message Posted:
14/06/2009 00:03

There is nothing really legal about when you pay property tax, but most builders say its when you get the keys



to your property and everythings up and running, electric, water etc.



But opinion is divided on the subject.



KDV is Turkish for VAT.



Lem

kibrissibel


Joined: 18/02/2008
Posts: 562

Message Posted:
14/06/2009 08:40

The property tax must be paid up before transfer of title. Although property tax if the land owner's responsibility, if you have taken posession of the property then it would be fair to say you should pay the property tax from that date. For KDV info see: http://www.hbpg-trnc.net/documents/KDV_0708.html