Land Registry-Discounts not continued

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
05/01/2010 12:43

I have just asked the Land Registry Office of Famagusta about the discounts which expired at the end of 2009 and unfortunately it has not been extended.

ismet

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
05/01/2010 12:55

Quite astounding Ismet in the current economic climate!

spanna


Joined: 12/01/2009
Posts: 544

Message Posted:
05/01/2010 13:24

Hmmmm... on another thread, people have just said the discounts were being continued to March 31st... Can anyone clarify...?

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
05/01/2010 15:09

Spanna,

Its a fine art to know whom to trust or not

The Constructors Association are asking the government to extend it for at least another six months and also to readjust the normal figure to more reasonable levels. In the meantime, they are calling their members to boycott any transfer of property.

ismet

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
05/01/2010 15:19

I'd agree with Ismet. I posted only yesterday on another thread about this subject. I was told only yesterday that it had been reduced until 31/03/10, but it seems that the information may be duff. I'd previously heard the same from another source & this came direct from an advocate in Girne just before Christmas.

At the end of the day, I'd agree with the Constructors Association call. I'm sure that the reductions over the last year have greatly swelled the Government's tax receipts.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
05/01/2010 15:36

Maybe the Government will introduce other sweetners to bring revenue in ???

treemancyprus


Joined: 13/08/2008
Posts: 82

Message Posted:
05/01/2010 15:41

I am just in the process of transferring title, and my advocate says there is a ministers meeting tomorrow to decide on extending discount period for another 6 months. She says that most advocates seem to think the discount period will definately be extended, but being North Cyprus, who knows. She will confirm to me one way or another tomorrow, so I'll report back what she says.

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
05/01/2010 15:47

If the government wanted to raise some serious revenue, they should offer kocans to all those with registered contracts who have PTB.



The buyer would then pay the VAT and transfer tax, and the goverment could send tax bills to all the builders who are currently unable/unwilling to transfer deeds as they should be.



A simple way of sorting out the deeds mess, and filling government coffers at the same time - what could be better for everyone (except dishonest builders)?



Mark

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
05/01/2010 17:30

Mark (msg. 8),

I am sure you are not serious. If ever the government (read politicians) decide on disputes between buyers and vendors without recourse to courts, it will be a real nightmare.

ismet

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
05/01/2010 18:48

Ismet



If there is a problem, let the builder take the customer to court after the deeds are issued.



It's about time the "customer" in the TRNC had the benefit of doubt for a change



Mark

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/01/2010 19:27

About time they scrapped this PTP injustice altogether.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
05/01/2010 20:54

Mark .

This would be a real eye opener if you could find a buyer with doubt , why would you say it is about time |?

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
05/01/2010 20:57

Great words Hector

If only

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
05/01/2010 21:17

There is no PTP requirement in EU countries.But lots of other inquiries,like the money you are spending is actualy YOURS.

Some of you would know what I mean by that!!