Not A Member Yet? See All The Features Of The Forum By Clicking Here To Register For FREE! Or Members Login Below:

Cyprus Eastern Forum Index Cyprus Eastern Forum Index
Offering Free Help, Advice, Tips & Support for those buying or living in:
Paralimni - Protaras - Pernera - Kapparis - Agia Napa - Larnaca - Oroklini - Pervolia - Kiti - Xylofagou
Vrysoulles - Frenaros - Dherynia - Sotira - Agia Thekla - Liopetri - Ormidia & surrounding areas...

 
Main Homepage Cyprus Eastern Forum Index Register Directory Memberlist Search

  Ads By Forum Sponsors

    
Cyprus Eastern Forum Index » Ask Nigel A Question » Selling house question
Post new topic  Reply to topic   View previous topic : View next topic 
Selling house question 
Post: #1   PostPosted: Fri Aug 04, 2017 9:16 am Reply with quote
palmtree
Joined: 28 Oct 2008
Posts: 543
Pictures: 0

 
Hi Nigel..I have recently in the last 6 months assigned my property to my sister..Iwas told that as long as the house is not sold quickly then my sister would be able to take advantage of my capital gains tax allowance when and if ever she sells it .i paid approx 215 k euros 12 years ago and its worth maybe a guess 225 today.Mt question is how long would she have to wait to to be classed as having held the house long enough by the authorities or maybe a law to qualify .Regards Palmtree.
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel


Hide These Ads? Register for Free or Login

 
Post: #2   PostPosted: Fri Aug 04, 2017 5:29 pm Reply with quote
nhowarth
Forum Moderator
Forum Moderator
Joined: 30 Aug 2005
Posts: 4782
Pictures: 9
Location: Erimi, Limassol

 
Hi palmtree

To qualify for the maximum Capital Gains Tax allowance of 85,430, the property must have been the main residence of the tax payer for a minimum period of five years.

Regards,

_________________
Nigel Howarth
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #3   PostPosted: Fri Aug 04, 2017 6:36 pm Reply with quote
palmtree
Joined: 28 Oct 2008
Posts: 543
Pictures: 0

 
Cheers Nigel thank you Regards palmtree
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
Selling house question 
  Cyprus Eastern Forum Index » Ask Nigel A Question
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
  


All times are GMT  
Page 1 of 1  



  
  
 Post new topic  Reply to topic   
Search Tags: #Selling #house #question



 Link To Cyprus Eastern Forum    YouTube Channel    Cyprus eBay Search    Shopping To Cyprus    Contact Admin   SmartFeed RSS Feed



BUYING PROPERTY IN CYPRUS? PLEASE ENSURE THAT YOU SEEK INDEPENDENT LEGAL ADVICE FIRST.
Cyprus forum covering Kapparis, Protaras, Pernera, Agia Napa, Agia Thekla, Paralimni, Larnaca, Oroklini, Pervolia & surrounding areas
Please note that the views expressed on this forum are those of the author and may not reflect the views of the management.
* Problems Logging In? Click To Contact Us | Powered by phpBB © phpBB Group Design Style: VTrushkin | View Lo-Fi Version