INTRODUCED in March 2011, Cyprus’ Town Planning Amnesty is designed to resolve some of the problems affecting an estimated 130,000 properties that have yet to be issued with their Title Deeds.
The amnesty enables owners of houses and apartments to ‘legitimise’ planning infringements (on...
HOME buyers would be better informed about the costs and risks of taking on a mortgage, partly shielded against market swings that inflate their repayments and better protected if they default on the loan, under new rules provisionally approved by the European Parliament on Tuesday.
But before...
THE CABINET decided last Tuesday to push development through long-term lease agreements to enable private investors to take on the management of government property.
Investors will be able to lease property for up to 99 years, and develop it as they see fit within the framework of town planning...
FOLLOWING numerous comments and press articles this week on the ‘notorious’ Immovable Property Tax, I’m considering changing the title of this journal to ‘Immovable Property Tax News’.
What has happened?
On Tuesday at a meeting of the Council of Ministers in Troodos, the Cabinet agreed to...
THE CABINET yesterday decided to exempt immovable property worth up to €5,000 at 1980s values from the new taxation.
In one of several decisions taken during the meeting at the presidential retreat in the Troodos mountains, the cabinet also scrapped the minimum amount of €75 for immovable...
