65 Poseidonos Avenue & 2 Iasonos Street
Natalia Court 2, Kato Paphos - Cyprus
Tel: +357 26934724 - Fax: +357 26938180
Tel. (UK): +448458320754
Email: info@alexiourealestate.com
Website: www.alexiourealestate.com

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Taxes

Transfer Fees

Real Estate Transfer tax-fees are necessary in order to transfer FREEHOLD ownership to the name of the purchaser. This can be done as soon as the relevant Government Authority has issued the title deed and the purchase has been completed. The Transferee is responsible for the tax payment. The rates are on a graduated scale as below.

Value of Property
Transfer fee rate
CY Pounds
%
UP TP 50,000
3.0
UP TP 50,000
5.0
OVER 100,000
8.0

Immovable property tax

The annual immovable property ownership tax is based upon the value of the property, as it is shown on the table below:

Market Value
Annual Tax per Thousand
CY Pounds
%
UP TP 100,000
Exempt
100,001 - 250,000
2.0
250,001 - 500,000
3.0
OVER 500,000
3.5