Cyprus-Forum.com

[Svetlana]

Hi Vicque

It is not easy keeping up to date on any set of Regulations and Laws here, I know.

Cheers

lana

[dolmadis]

Hi Lana

Can you explain this one from the same site please?

"Inflation allowance (100.000 x 55.5%) (55.500)"

I would be interested in understanding the 55.5%?

Regards

[superior]

im not in the position to recommend would be biast.

but i would say the solicitor you use is just as important as the agent

if anyone wants clarification of tax and general buying advice i have a guide i can forward on

[Svetlana]

Hi dolmadis

By 'inflation allowance', they are referring to indexation of the original purchase price for the purpose of calculation of CGT. The Government issues an inflation figure for each year, typically 2-3%. To suggest it would be 55% after ten years is optimistic .

So, on a £100,000 property, if the indexation were 2%pa over the ten years, the notional purchase price of the property would be £120,000.

lana

[Jez]

try looking at - http://www.buyabroad.com - My folkes just used them to sort out there purchase here. Exellent service, managed to turn around the whole deal in three days, including looking at around 15 properties, talking to developers, looking at differnet areas , sorting an independent lawyer, the works. Definantly worth a look.