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.

1291
23.03.2014

Share on social networks:

Other news


13.02.2024

Marash is a billion pound project.

a consortium of billionaire businessmen from around the world, as well as the world's most successful hoteliers, has prepared a billion-pound project for Maras.
06.02.2024

Multi-storey parking projects in Kyrenia

The Mayor of Girne, Murat Şenkul, made a statement about the multi-storey parking projects initiated to solve the parking problem in the center of Girne and areas of Kervansaray.
02.02.2024

Opening of a fruit and vegetable drying plant established in Yeşilyurt, Lefke district.

The facility, established under the Women's Cooperative for Rural Development (4K KOOP), the country's first women's cooperative, with support from the Turkish Cooperation and Coordination Agency (TIKA), will dry and package fruits such as tangerines, oranges, strawberries and bananas. as a healthy snack without the use of additives.
14.01.2024

Inflation in northern Cyprus rises to more than 83 percent in 2023

The cost of living in Northern Cyprus, whose economic fortunes are linked to Turkey through the lira, has spiraled out of control in the past year, reports Yeniduzen.