property tax, will it be extended at reduced rate?

maria1975


Joined: 22/07/2009
Posts: 106

Message Posted:
30/12/2009 11:56

Does anyone know if the reduced rate on property tax will be extended into the new year?

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
30/12/2009 12:15

There are rumours that this will happen. There are also rumours that the Government is going to reduce the tax payable on the first house purchased to 0.75% indefinitely. They've obviously, at last, woken up to the fact that very high taxes on transfer of title deeds means no money in the TRNC coffers.

Please don't quote the rumours as facts though. Just watch this space.

maria1975


Joined: 22/07/2009
Posts: 106

Message Posted:
30/12/2009 12:22

thanks scruff , lets hope so

spanna


Joined: 12/01/2009
Posts: 544

Message Posted:
04/01/2010 12:23

Anyone have an update on this...? Has it been extended?

Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
05/01/2010 00:43

Its been extended for 6 months

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
05/01/2010 00:55

I heard today that it has been extended to 31 March. HBPG source.

spanna


Joined: 12/01/2009
Posts: 544

Message Posted:
05/01/2010 13:25

Another thread states that the reduction has not been extended... any clarification.... PLEASE!

Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
05/01/2010 22:24

Think your right Anna it was announced that it was to be extended, but I was told at the deeds office today that there is no extension...

Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
05/01/2010 22:28

I think your right Anna it was actually announced that it was to be extended for 6months, but I was told at the deeds office today that there is no extension...

spanna


Joined: 12/01/2009
Posts: 544

Message Posted:
05/01/2010 22:40

How confusing!!!



Hey ho... we will wait and see...!



Thanks...

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
05/01/2010 22:43

With the housing market struggling its highly unlikely that the Government will not extend the lower rate-------also dont forget there is an election soon.

magicart


Joined: 05/10/2008
Posts: 985

Message Posted:
06/01/2010 18:08

Any further news yet?



Thanks



Art

paul90


Joined: 07/11/2007
Posts: 350

Message Posted:
06/01/2010 18:29

Naomi Mehmet emailed me today "We understand that the deadline for completing transfers at the reduced rate of tax has been extended for a further 6 months."

spanna


Joined: 12/01/2009
Posts: 544

Message Posted:
07/01/2010 17:53

Anyone know if this has now been confirmed by the HBPG or the Press...? Thanks...

paul90


Joined: 07/11/2007
Posts: 350

Message Posted:
07/01/2010 18:22

Why not ask your own advocate - mine seems certain about it.

Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
07/01/2010 22:15

Apparently the Ankara has not allowed the extension, this is what I was told yesterday but it is very likely that this will change in a week or two..