House poised to pass bill to sweeten sale of debtors’ homes

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House poised to pass bill to sweeten sale of...
 © CyprusMail 2018
 

MPs of the ruling Disy party sounded upbeat on Monday that a series of bills granting tax relief to bank debtors would make it through the plenum.

The House finance committee was discussing five bills which aim to give incentives to people who wish to sell their house as part of restructuring their debt with a bank or to settle a  non-performing loan (NPL).

Under the proposals, these persons would be exempt from paying income tax, capital gains tax, property transfer fees, stamp duty and the special defence contribution.

Crucially, the bills under...


This article was automatically added to our system 18-6-2018

House poised to pass bill to sweeten sale of debtors’ homes


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