The Land Registry’s valuation was always ‘correct’

Some years ago the Land Registry valued a plot of land we had bought, they stated it was “worth” €250,000 (way above the Contract value).

They wouldn’t give way on this, and we had to pay transfer tax based on this valuation, or wait years for an appeal to get the Title Deeds.

In the event of us ever selling it, I wonder if the Tax Department will make us pay tax based on the Contract Value, or the LS Department values?

They can’t have their cake and eat it…… oh wait, we are in Cyprus!

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.