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Tagstax
Re-assessing house values
A CAMPAIGN by the land registry office began yesterday to revaluate properties. Officials from the office will visit tens of thousands of houses, one-by-one, which had not been fairly assessed for property tax and sewerage or municipal charges. Last Friday, officials from each district office who are taking part in the campaign, were trained and instructed on how to carry out their appraisals... 3 comments
New IPT will include all homes
A REVISED tax bill on immovable property, to be finalised in the coming days, will also apply to first domiciles, the interior minister said yesterday.Socrates Hasikos said that through the new IPT the state intends to collect some €75m in addition to the current projected amount of €29m, to meet fiscal targets.The minister reiterated that approval of this legislation is one of the conditions that must be met for the first tranche of aid from Cyprus’ international lenders - the troika - to be disbursed.That first residences are not exempted should be taken for granted, he said.Hasikos hastened to add that the new tax scheme would not unduly burden homeowners... 14 comments
