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Transfer of title deeds

Posted by timg-681445 - Created: 9 years ago
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4 replies (Showing replies: 1 to 4)

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Posted by timg-681445 - 9 years ago

thank you all for your helpful and informative responses - will pass them on

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Posted by Nigel Howarth - 9 years ago

Hi timg,

Will your friend be able to sell the property without paying the Property Transfer Fees? No.

In order to sell a property, you need to be its legal owner. To become its legal owner, its title needs to be registered in your name. To get its title registered in your name, you need to pay the Property Transfer Fees.

Your friend will also be liable for Capital Gains Tax on any gain resulting from the sale.

For information on importing vehicles, boats, etc, visit the Cyprus Customs & Excise website at http://www.mof.gov.cy/mof/customs/customs.nsf/index_en/undefined

HTH,

Nigel

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Posted by terrynsue - 9 years ago

We bought a Nissan Navara Twin Cab Pick up over from the UK IN Feb 2008 and we had to pay duty of 697 euros.

Sue

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Posted by gazzaga - 9 years ago

Can't comment on the pickup but he will not be charged Duty on the boat if it has come from an EU country.