How do you gift a property to relatives?

Uncle D · Post by **Uncle D** » Sat Oct 13, 2018 10:37 am

Hi, my MIL wants to gift her house to her two daughters, one my wife lives in Cyprus the other in Canada.
She said that she had read on a site called PEGI that there is a lot of red tape involved, I cant find this site.
Any info appreciated

Lofos-5 · Post by **Lofos-5** » Sat Oct 13, 2018 10:39 am

Probably depends where the house is as jurisdictions differ from country to country. U.K. Or Cyprus?

A.

Uncle D · Post by **Uncle D** » Sat Oct 13, 2018 10:41 am

Thanks the house and the MIL are in Cyprus.

Maverick · Post by **Maverick** » Sat Oct 13, 2018 11:30 am

https://www.facebook.com/groups/paphosexpatgroup/

trevnhil · Post by **trevnhil** » Sat Oct 13, 2018 12:43 pm

My FIL gifted his share of the property to his Daughter... We got Gwenny services to do all the running about. There was almost no charge from the land registry..
As far as I know it is the same as a Sale but no money changes hands

Uncle D · Post by **Uncle D** » Sat Oct 13, 2018 1:55 pm

Hi Trev, can you remember how much the total cost was or how much did Gwenny charge?

manxie · Post by **manxie** » Sat Oct 13, 2018 2:01 pm

if you gifted a property In Cyprus and then at a later date it was sold would their be any capital gains taxes or any other sort of money to be paid to Cyprus goverment

trevnhil · Post by **trevnhil** » Sat Oct 13, 2018 2:10 pm

Uncle D wrote: ↑Sat Oct 13, 2018 1:55 pm Hi Trev, can you remember how much the total cost was or how much did Gwenny charge?

I am sorry I can't remember the costs Uncle D.. But the government charges were just a few 10's of euros as there is no charge to transfer to another relative. Apart from the small charge for the paper deed.

I can't remember Gwennys charges but I did not think them dear... A phone call to her would give you an idea.
There was some running about for her to do including at the village office to get things signed off.

Uncle D · Post by **Uncle D** » Sat Oct 13, 2018 3:09 pm

Thanks Trev, do you have her number by any chance?

Lofos-5 · Post by **Lofos-5** » Sat Oct 13, 2018 3:41 pm

Uncle D wrote: ↑Sat Oct 13, 2018 3:09 pm Thanks Trev, do you have her number by any chance?

All here:

viewtopic.php?f=3&t=1624&hilit=Gwenny+phone

A.

Uncle D · Post by **Uncle D** » Sat Oct 13, 2018 6:07 pm

Thanks all

Uncle D · Post by **Uncle D** » Mon Oct 15, 2018 11:00 am

Just rang Gwenny's office and apparently we need to use a lawyer as Gwenny doesnt do that kind of work.
Thanks anyway

trevnhil · Post by **trevnhil** » Mon Oct 15, 2018 12:24 pm

That is strange news. I wonder if she has stopped doing it.. She did all the paperwork for us, but it was maybe 4 years ago..
So if you now Have to use a lawyer the cost will certainly be dear..

Paphos Life

How do you gift a property to relatives?

How do you gift a property to relatives?

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