ipt halved and local abolished?

[fiona.rob]

Nigel
Can you provide anymore info re this.
http://www.sigmalive.com/en/news/econom ... -tax-by-50
It says it will be halved but I cannot see if it mentions whether the minimum value exemption still stands and will it be based on new valuations?
Also it mentioned that local IPT will be abolished.
I assume this is what we pay when we take our title deeds to municipality.
Does that mean we dont have to do that anymore?
Fiona

[Nigel-Howarth]

Hi Fiona

I published an article yesterday from the Cyprus News Agency - http://www.news.cyprus-property-buyers. ... d=00148963.

As Immovable Property Tax up to €25 will not be collected, I assume that owners of properties whose total 2013 valuation is less € 50,000 will not have to pay.

I don't know why you take your Title Deeds to the Municipality (the Municipalities and Communities receive information on taxable values - I don't have to take my deeds to my Community office.)

Regards,

[fiona.rob]

You do in Peyia! There is a notice on the window saying its owners responsibility to bring their deeds in and pay this tax. No bills are sent. A lot of people dont even know they have to pay!

[LouiseCastricum]

No bills are sent. A lot of people don't even know they have to pay!

Last year a notice was sent with one of the water bills. So people should have known. I received a bill and could pay on line with JCC.

[Nigel-Howarth]

You do in Peyia! There is a notice on the window saying its owners responsibility to bring their deeds in and pay this tax. No bills are sent.

They sound hopeless. Why not ask what they do with the data they get from the LR when you next visit?

Regards,

[fiona.rob]

Hopefully Nigel if its been abolished I wont have to visit lol