Renewal of TRNC residency - change of requirements

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
08/01/2009 13:13

Yep the rules have changed again, please be aware that you now also need a receipt from the tax office to prove that all taxes on your property purchase have been paid. There is an indication that people renting may need to prove that all taxes have been paid but I have no real info as of yet. This may also be true for initial residency.

AJ

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
08/01/2009 13:54

So what happens if we are still waiting for our permissions to buy then we have to pay the tax, I have just completed my 4th year residency, so next year if its not through you are saying we could have problems, what next?

smithy

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
08/01/2009 14:31

hi jack

hubby checked yesterday what the list of things should be.

they didn't say anything about this?

not that it matters for us, nice to know before they waste my time running around for extra bits of paper,lol.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
08/01/2009 14:50

fire starter

My wife went in the Police Station today and was told it is now a requirement so although we had a receipt from our builder they wanted one from the Tax Office. My wife had to visit our builder to get a copy of the tax receipt. As per usual this new rule has not been thought through and I would expect to see some sort of capitulation in the coming weeks. Although it has no real consequence for us I know it will for a lot of other people. I have been on the phone to some close friend of ours that have dealings with the HBPG and a couple of newspapers so expect to see some interesting responses over the next few days/weeks.

AJ

littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
08/01/2009 14:56

1. Original Passport and copy of photo page and copy of current residency stamp for each person.



2. Copy of kocan or purchase contract which must be stamped and registered and tax paid i.e. the contract must have stamp on it and copy of receipts provided.



3. Copy of bank statement.



4. Your pink/blue book which they retain.



5. Original Muhtars letter which they retain.



6. 6.5 ytl stamp

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
08/01/2009 15:23

Until tomorrow Nige then it will all change again.

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
08/01/2009 15:49

Nige

Spot on I did mine just before Christmas

smithy

littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
08/01/2009 16:07

Thanks smithy,



Nice to get a sensible reply on here

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
08/01/2009 19:59

Any thoughts on how this will work for many people who live in unfinished properties and not registered for tax for obvious reasons.



Also can see problems for people in rental properties. If persons pays landlord and land lord does not pay taxes!!!



I can see a lot of problems coming from this latest gem.

Cruella


Joined: 16/05/2008
Posts: 63

Message Posted:
08/01/2009 20:46

Anyone who bought from Medview should'nt hold their breath then!

susief


Joined: 06/11/2008
Posts: 529

Message Posted:
08/01/2009 21:14

Re Msg 9



I've just renewed my residency and as a tennant you are responsible for going to register your copy of the rental contract and paying 0.5% tax on the total rental sum. Your copy of rental agreement is then stamped and you get a receipt. It shouldn't affect tennants one bit if the landlord doesn't pay his monthly 10% tax - they'll go after them not you.

Menace


Joined: 22/11/2008
Posts: 93

Message Posted:
09/01/2009 13:03

Susief....thanks for post.We are hoping to be in the TRNC next month and will be looking to rent long term.I was a little concerned when I first saw this thread but feel much better having now read yours.All makes sense now,thanks again.

John

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
09/01/2009 14:18

jack

this is interesting because hubby was with a friend and they were in the policestation having coffee.

the policeman actually wrote hubby down the list of thing that was currently needed.



maybe this is only for those who don't yet have a kochan in their name?

because to get your kochan you need to have paid the tax.

why would you also need the reciept??

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
09/01/2009 17:51

It is a way of ensuring that taxes are being paid. A shame they don't apply it to all the builders who refuse to transfer title deeds........



You need a copy of your title deed if you have one, if not

a copy of your stamped sale agreement, if not

a copy of your tenancy agreement.

stevemac


Joined: 21/07/2008
Posts: 99

Message Posted:
09/01/2009 18:18

I presume you're talking about KDV? If this is the case, it is disgusting that yet again the buyers are being penalised, being forced in to paying KDV while the land owners are not forced in to transferring the deeds over.

doughnuts40


Joined: 27/07/2008
Posts: 98

Message Posted:
09/01/2009 18:49

No, its not KDV. They require you now to show your contract of sale with the stamp duty having been paid, which is 0.5% of the sale price is lodged at the District Lands Office within 21 days of signing or 1.5% thereafter.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
09/01/2009 23:17

Hi doughnut40,



I hope you are right on this, because as Cruella says anyone who has bought with Medview will be in trouble. KDV paid on hand over of keys but never paid to tax office. Isn't it time the government started doing something about these developers who are getting away with this?





The Butler

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
09/01/2009 23:46

OK a bit more info.

If you have your title deeds then as far as I understand there should be no problem, where my wife fell foul was that our title deeds are still lodged with our builder pending parcelisation and our sales contract was produced as per the latest known information (and the same as last years application) only to find out that there were new rules in place. Luckily we have a good relationship with our builder and they sorted it out with Immigration and the Police.

I guess the point of my initial message is make sure you know the up to date rules before you embark on the residency/renewal of residency process.

AJ

Hippo


Joined: 02/02/2007
Posts: 2070

Message Posted:
10/01/2009 06:13

What they want is your sales cagreement that has been registered stamped and the tax paid, this is not new this was required last August

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
10/01/2009 15:36

thanks jack

i wondered why we had conflicting information.lol.

nothing new here in the trnc!