This tax calculator helps you estimate your tax liability when buying a freehold property in Cyprus.
Transfer Fees: These fees are paid by the buyer to register the property in their name. They are calculated based on the property’s market value as determined by the Land Registry on the purchase date. If you pay VAT on the property, you won’t need to pay Transfer Fees.
Stamp Duties: This is a tax that property buyers pay when registering the property sales agreement with the Land Registry.
Property value (€) | % |
---|---|
Up to 85,000 | 3 |
85,001 – 170,000 | 5 |
Over 170,001 | 8 |
The Cyprus Parliament announced the abolishment or reduction of the property transfer fees on the following cases:
Property value (€) | % |
---|---|
First 5,000 | 0 |
Above 5,000 Up to 170,000 | 0.15 |
Over 170,001 | 0.20 |