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PKF Cyprus

A member of PKF International. A global family of legally independent firms.

Cyprus Income tax

Cyprus Tax – Cyprus Property Transfer fees

 

CYPRUS PROPERTY TRANSFER FEES

The following Cyprus property transfer fees apply on immovable property and based on the market value of the property according to the Cyprus Land Registry Office.

Rates

Value of  Cyprus property    

From

Up to

Transfer fee rate

Cyprus property Accumulate Fees

%

0

85.000

3

2.550

85.001

170.000

5

6.800

170.001

and above

8

Notes:

• No transfer fees will be payable when the immovable property to be transferred is subject to VAT.

• Transfer of immovable property can be treated as a gift between relatives up to the 3rd degree of kindred.  In these cases, the value of the property is as it has been determined at 1 January 2013.

• In case the property is not subject to VAT, the transfer fee will be reduced by 50%

• Mortgage registration fees amount to 1% of the market value of the property.

• Nil transfer fees and nil mortgage registration fees are payable in case of immovable property transfer due to a company reorganization.

• No transfer fees are payable in case of loan restructuring.

Contact us

For more information please contact

Email: info@pkf-nic.com

 

Last update: March 2020

The authors expressly disclaim all and any liability and responsibility to any person, entity or corporation who acts or fails to act as a consequence of any reliance upon the whole or any part of the contents of this publication.

Accordingly no person, entity or corporation should act or rely upon any matter or information as contained or implied within this publication without first obtaining advice from an appropriately qualified professional person or firm of advisors, and ensuring that such advice specifically relates to their particular circumstances.

PKF Cyprus firms are member firms of the PKF International Limited network of legally independent firms and do not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.