Title Deeds transfer tax

janmag · Post by **janmag** » Sun 09 Feb 2014 9:33 am

Has anyone heard anything about the Transfer Tax for title deeds being reduced from 3% to 1% please.Sounds unlikely but you never know.

SKYBLUESAM · Post by **SKYBLUESAM** » Sun 09 Feb 2014 10:45 am

Hi having done it recently I can confirm still 3% one off on first purchase, 6% on any further purchases.

PoshinDevon · Post by **PoshinDevon** » Sun 09 Feb 2014 1:47 pm

Just in the process of sorting this out now and was told that its 3%.

If there is any hard evidence for it being 1% then it would be good to know. Somehow I doubt it.

Art · Post by **Art** » Sun 09 Feb 2014 5:40 pm

I could be wrong but I think the 1% tax refers to the municiplypality tax which you have to pay at the time of the transfer.

Cally · Post by **Cally** » Sun 09 Feb 2014 5:48 pm

I have just received an email from my lawyer and these are the details

Land registry transfer fee
3% (once in a lifetime option) of purchase price
Belediye Tax
1% of Land Registry Transfer fee figure
Title Deed fee & Additional stamp for POA’s
Legal Fees for Transfer of title deed (Famagusta)
Reserve Amount to Cover
Currency Fluctuations

Hope this helps

CatalkoyChris · Post by **CatalkoyChris** » Sun 09 Feb 2014 8:25 pm

Yes what Cally says is familiar to me.
It's probably still 3%.
Just completed all mine, received kocan and a few hundred quid back from the excess paid to allow for currency fluctuations.
Took about two years for me.