LAND TRANSFER FEES

FOCUS ON

LAND TRANSFER FEES

LIABILITY

Land Transfer Fees are imposed on the market value of immovable properties and are payable by the acquirer for transfers of immovable properties.

RATES (NOTE 1-3)

Value € Rate % Transfer fees € Accumulated transfer fees €
0-85.000 3 2.550 2.550
85.001-170.000 5 4.250 6.800
Over 170.000 8

Notes:

  1. No transfer fees are payable in the case of reorganizations
  2. No transfer fees are paid when the immovable property transferred is subject to VAT.
  3. The above transfer fees are reduced by 50% in case the purchase of immovable property is not subject to VAT.
  4. In case of free transfers of property, no transfer fees are payable for transfers from parents to children, and 0,1% on the value of property as at 1 January 2013 is payable for transfers between spouses and between third degree relatives.

"A combination of tax and non-tax incentives helped Cyprus to be established as an International Business Centre.
Your first option is to relocate your business in Cyprus and use Cyprus for your operations either in Europe or Worldwide. The second general option is to include a Cyprus Company in your structure to get advantage of the tax incentives and its wide network of DDT.
Below, we present the main features of Cyprus Companies with different activities. We will be happy to provide you with our comprehensive advice on tax planning solutions, on request, once we have information about your existing structure, your activities and your needs."