How to sell a house in North Cyprus

easter


Joined: 17/02/2010
Posts: 5

Message Posted:
26/03/2010 18:46

Can anyone please tell me when you sell a house in North Cyprus are you charged any tax on sale? Also does anyone have the name of a reliable and trustworthy solicitor/lawer to oversee transaction. Thanks.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
26/03/2010 19:53

I dont beleive you have to instruct a advocate to oversee the sale of a property, it is for the buyer to do this, also every private individual has a once in a lifetime tax free sale option.



Details here - http://www.nmplegal.com/pdf/GUIDE%20TO%20TAXES%20FOR%20PROPERTY%20TRANSACTIONS.pdf



Cooper

Doonhamer


Joined: 29/01/2010
Posts: 65

Message Posted:
26/03/2010 22:25

Easter, we sold last week, really easy, solicitor not required. email me if you want any info.



jimibg@gmail.com

easter


Joined: 17/02/2010
Posts: 5

Message Posted:
27/03/2010 01:00

Hi, thanks for prompt reply. Yes please, would be most grateful for information. I will email you.

Wiser


Joined: 30/07/2008
Posts: 796

Message Posted:
27/03/2010 19:13

If you do not have the deeds in your name you will be liable for capital gains tax. You are only tax free on your first sale if the deeds are in your name.