Builder's Tax Amnesty...???

mia100max


Joined: 19/03/2008
Posts: 404

Message Posted:
12/02/2011 17:27

Hi, I have to pay my builder's 6.25% taxes as he is refusing to sign the villa over to me unless I do. I have heard there is an amnesty on this tax at the moment and it has been reduced to 4.25%. Can anyone verify this for me please and if it is true, when does it end?

Thank you.

suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
12/02/2011 19:40

May I ask please who your builder is?



I have no knowledge of an amnesty at the moment, I am sure the Forum members would know if there was an amnesty on. There certainly was one but it is over now.



I hope you are right

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
12/02/2011 20:09

mia100max.



If it is in your contract pay it !!



If it is not in your contract haggle and compromise with your builder !!

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
12/02/2011 21:06

its 4% at the moment

mia100max


Joined: 19/03/2008
Posts: 404

Message Posted:
12/02/2011 21:39

Thanks for the replies.

The contract isn't worth the paper it is written on! I have tried haggling but he says.. pay up or I don't sign, even my lawyer has tried speaking to him and has told me to pay if I want it signed.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
12/02/2011 21:51

Another fine example as to why not to buy a property in the TRNC.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
12/02/2011 21:59

Rogue builders exist in every country Hector.....but only in the TRNC does the law actually support them in their corrupt endeavours !

Zoots


Joined: 05/02/2011
Posts: 669

Message Posted:
12/02/2011 22:46

Name and shame the builder.

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
12/02/2011 23:32

Create a list of builders that practice this and list them here. Better still create a list of reputable builders as well.



We built with no problems, but did not use building companies. Used individual traders instead. It worked wonders.

dusty48


Joined: 14/08/2008
Posts: 258

Message Posted:
13/02/2011 00:15

come on name the builder

hds.trnc


Joined: 26/05/2009
Posts: 175

Message Posted:
13/02/2011 01:42

its 6.25% at the moment?????

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
13/02/2011 10:24

sorry but I am sure its 4% at the moment

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
13/02/2011 10:36

The only way of knowing for sure is to contact Naomi Mehmets's office, details here - http://www.nmplegal.com/contact_us.php

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
13/02/2011 11:11

no need, have just had a valuation done it is 4%

tracy


Joined: 08/09/2007
Posts: 390

Message Posted:
13/02/2011 16:20

I am being told it is 5 % at the moment

Tracy

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
13/02/2011 16:30

The builders stopaj is 4%

The KDV is 5%

AnthonySmith


Joined: 14/05/2009
Posts: 455

Message Posted:
13/02/2011 16:34

Naomi Mehmet? You must be having a laugh, Cooper :-(

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
13/02/2011 16:37

Emineden1 do you know what the transfer tax is currently? Is it still 3%/6% or has that been reduced liked the Stopaj?

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
13/02/2011 16:42

transfer tax is still 3% assuming first time buyer

sunnyday


Joined: 14/03/2008
Posts: 269

Message Posted:
13/02/2011 18:16

The builders tax liability is 4% stopaj on transfer. After the end of the year he has to pay the balance of 2.25%. This 6.25% is the only corporation/income tax that developers pay.

Rosie64


Joined: 13/11/2010
Posts: 72

Message Posted:
13/02/2011 18:27

Go on then name the builder !

Rosie64


Joined: 13/11/2010
Posts: 72

Message Posted:
14/02/2011 22:43

Still waiting for an answer..or was the post another wind up ?

swyflot


Joined: 07/11/2008
Posts: 916

Message Posted:
15/02/2011 08:12

pay up UNDER PROTEST ,WITH WITNESSES TO THOSE GIVEN WORDS,THEN SUE HIM

trnclion


Joined: 25/04/2009
Posts: 61

Message Posted:
15/02/2011 11:39

MSG 23: And then waste more money on Advocates & court fee's.

I was in in the same situation, we either paid the builders tax or they would not sign the deeds over. My Advocate said it was a breach of the contract but up til then the contract had proved worthless to me although it always appeared to be legal if it was in the builders favour.



Quite simply, if you want your deeds pay up, we did and then sold up.



The law in TRNC only favours the chosen few and Expats are not among them!