Law passed levying 0.4% on all immovable property sales
The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of immovable property, the proceeds of which...
immovable property
Due diligence before buying property
By George Coucounis THE term due diligence refers to the process usually initiated by the purchaser of an immovable property or a business,...
Contingent contract for the sale of land
A purchaser who agrees to purchase an immovable property on the basis that an uncertain future event will happen takes the risk his contract will...
Determination of land ownership rights
THE Department of Lands and Surveys must avoid the registration of immovable property from the name of a deceased to a person claiming ownership of...
Banks warn of painful hit if title deed bill is passed
By Elias Hazou Commercial lenders could be exposed to land developers’ loans if a bill releasing homes from developers’ mortgages is passed as is, a...
Expanding eligibility for guaranteed minimum income
By Elias Hazou THE GOVERNMENT has prepared legislation that relaxes some of the criteria for Guaranteed Minimum Income (GMI) so that more people can become...
Sweeping powers for taxman
By Elias Hazou NEW government legislation grants the taxman sweeping powers, including the seizure of tax debtors’ bank accounts and assets as well as prohibiting...