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Information on the Cyprus Transfer Fees payable when purchasing a property in Cyprus
Immovable Property Transfer Fees are payable once you have purchased a property and it is registered in your name. The fees must be paid at an office of the Department of Land and Surveys.
You may find a list of offices here
The fees payable are based on a simple calculation of three bands.
Value from €0 - € 85,430, the fee payable is 3%
Value from €85,430 - € 170,860, the fee payable is 5%
Value from €170,860 and higher, the fee payable is 8%
The Department of Land and Surveys has a Transfer fee calculator to give you a guide as to how much you will have to pay.
Transfers to a Family Company have special rules. The transfer fees are refunded after 5 years, if the Family Company is still the legal owner, and no change has been made to the shareholders of the Family Company since the transfer of the property.
This information is meant for guidance purposes only, please seek professional help before acting on this information.
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