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It's particularly popular with the British and it's been estimated that more than 60,000 have homes on the island.
Under the Cyprus 'Immovable Property Tax' laws 1980-2004 all property owners, regardless of whether they're resident in Cyprus or not, are liable to pay an annual tax based on the total value of all the immovable property registered in their name.
Cyprus' property tax is calculated on the market value of the property as at 1st January 1980 and is paid annually the Inland Revenue Department.
Buyers should take the completed Form IR 314, together with: to their local Inland Revenue Office.
Buyers should note that the 1980 value of their property (the value on which Immovable Property Tax is calculated) will be assessed by the 'Valuations Desk' at the Land Registry at the time their Title Deeds are issued.In one case in which I was recently involved, these 'unpaid' taxes amounted to 50% of the property's purchase price.Imagine buying a property for € 350,000 and then, some years later, receiving a demand from the developer for a further € 175,000 before he'll transfer Title!Every day thousands of people meet people with Herpes for romance, dating, friendships, support, community, and to learn about Herpes medical treatments and information.Come to Herpeslove.net--Keep dating, and you will find someone who wants to be with you regardless of your herpes status. According to the law, it is the 'registered owner' (i.e.