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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Property tax up to twelve thousand for tax free

In twelve thousand euros of the five proposed by the Government raised the tax-free amount for real estate the majority of the House.

The amendment was tabled by MP of the Democratic Party Angel Votsi and supported by all parties except the Democratic Rally.

The lost income for the state is estimated at 2.7 million euros, while the exemption will benefit some and forty two thousand smallholders whose property does not exceed, with values ​​of 1980, the twelve thousand.

Vote in favor of the amended bill into law argued 15 MPs (the Democratic Party EDEK, European Party, Environmentalists, Citizens' Alliance and Zacharias Koulias), there were no votes against, while 39 MPs (DISY and AKEL) abstained.

Amendment approved by Votsi 34 MPs (AKEL, the Democratic Party EDEK European Party, Environmentalists, Citizens' Alliance and Zacharias Koulias) and opposed by 20 Members of the Democratic Rally.There were no abstentions.

http://www.ant1iwo.com/oikonomia/2013/09/26/foros-akinhtwn-stis-12-5-xil-to-aforolog/