This payment is required in order to transfer the Freehold
ownership to your name and is payable once the property
is registered in your name at the Land Registry Office.
In reality, this means that it take approximately three
years from purchasing your property before you actually
pay the tax.
The fees are charged on the property’s market value
at the date of purchase.
Value of the property CY£ Transfer fee rate (%)
Up to 50,000 3
From 50,001-100,000 5
From 100,001 and over 8
For example if the purchase price is CYP 95 000
The first CY£50 000 3 % = CYP 1 500
Next CY£45 000 5 % = CYP 2 250
CYP 3 750
Should the purchase be made in joint names ( provided
the price is more than CYP 50 000) the effective value
for calculation is halved.
For example if the purchase price is CYP 95 000
The first CY£ 47 500 3% = CYP 1 425
Next CY£ 47 500 3% = CYP 1 425
CYP 2 850
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