Hello,

We have been informed by our developer that as long as we do not have the title deeds it is the developer (as registered owner) who pays the IPT ( immovable property tax ) on our town house. When the title deeds are transferred to us we will have to reimburse the developer for the paid tax (from delivery date to transfer date) and they will provide us with a zero balance statement. We were also told that we then could take this to the tax office to reclaim the paid tax back. That last bit does not make sense, since that would leave the tax office without income during these years, it seems. Could anyone shed more light on this issue? By the way, we are tax residents in another European country.

Please help

I didn't find the right solution from the internet.

References:
http://www.cyprus-property-buyers.co...pic.php?t=1018
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Thank you