Property Tax Updates
Course
In Nicosia (Cyprus)
Description
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Type
Course
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Level
Intermediate
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Location
Nicosia (Cyprus)
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Class hours
4h
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Duration
Flexible
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Start date
July
Property taxation is extremely important but the lack of training on the subject causes most people to avoid giving it the proper attention. Most leave the matter to the accountants but ultimately the person in charge will be liable regardless of his/her ignorance.
This seminar will provide a clear and concise explanation of the fundamental property tax concepts covering selling, purchasing and property ownership tax obligations. This course covers core property tax concepts and principles including capital gain tax, vat on sale of a property, immovable property ownership tax, etc.
Facilities
Location
Start date
Start date
About this course
Know what property taxation is
Understand the fundamental laws relevant to property taxation
Be familiar with the provisions of property tax
Be aware of the possible remedies in case of tax assessment
Know the upcoming changes
People who work in accounting departments and have no prior tax knowledge or wish to refresh their knowledge on the latest updates
Any individual who wishes to gain some basic tax knowledge and comprehension on property taxation
Reviews
Subjects
- VAT
- Property Tax
- Property
- Tax
- Ownership Tax
- Cyprus property
- Authority Fees
- Municipality Tax
- Sewerage Tax
- Stump Duty
- Exceptions
- Property Tax Law
Course programme
Training Outline
- An Introduction to property tax
- Immovable Property Ownership Tax
- Imposition of VAT on letting of immovable property – VAT Circular 220
- VAT: Imposition of VAT on transfers of building land
- Cyprus property transfer fees
- Local Authority Fees
- Municipality Tax
- Sewerage Tax
- Stump Duty
- Exceptions
- Cyprus capital gain tax
- Amendments to the Immovable Property Tax Law
Training Style
The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace. Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar situations.
Property Tax Updates