Панель управления
Language: ru en
Currency:
Call Me Back
Property in North Cyprus
Choose your dream house
Sale Rent
Sale Rent

Title deed tax is to be reduced


Title deed tax is to be reduced

MPs of Northern Cyprus approved short-term discount for title deed tax.

On Monday, members of parliament of TRNC voted for the new bill of the Land Registration and Cadaster Authority. The law will come into force after president of North Cyprus, Dervis Eroglu, stamps it and the Official Gazette will publish it.
First-time buyers of the new property in Northern Cyprus will pay only 1% instead off 3% when receiving title deeds. The tax for the resale property is remaining unchanged with 3% for the first-time buyers. The new bill will also allow foreign nationals to purchase up to three properties in Northern Cyprus, instead of one.

819
23.03.2014

Share on social networks:

Other news


02.09.2021

Electricity for those with an unpaid balance of more than 469 TL will be cut off on Monday.

The headquarters of the Kıb-Tek Information Processing Branch announced that on Monday it will cut power to all private and legal customers whose unpaid balances exceed TL 469, excluding bills for the September period.
02.09.2021

Supreme Committee adopts new decisions as part of measures to combat coronavirus

Supreme Committee adopts new decisions as part of measures to combat coronavirus Accordingly, the requirement for PCR testing for some workers in the sector was removed and the requirement for an antigen test was introduced. Supreme Committee adopts new decisions as part of measures to combat coronavirus
27.08.2021

Grants, agricultural grants and investment support project in accordance with the Agreement on Economic and Financial Cooperation

The Office for Development and Economic Cooperation (BSEC) of the Turkish Embassy in Nicosia has provided a grant of 500 thousand Turkish lira to 27 livestock breeders to purchase the necessary equipment for the transition to the cold chain.
27.08.2021

PCR And Antigen Tests No Longer Free From 1 September

Prime Minister Ersan Saner said that from September 1, PCR or antigen tests for Covid will no longer be free of charge. The cost of a PCR test will not exceed 100 TL and 40 TL for an antigen test.