Transfer fees is a progressive tax paid by property purchasers to the land registry when the title deed is transferred to their name. For newly built properties where VAT is paid, no Transfer Fees are payable.
| Purchase price band (€) | Rate (%) | TF due (€) |
|---|---|---|
| Total TF due as individual | 0 | |
| Total TF after discount (50%) | 0 |
| Purchase price band (€) | Rate (%) | TF due (€) |
|---|---|---|
| Total TF due as joint | 0 | |
| Total TF after discount (50%) | 0 |
Disclaimer:
Please note that bank repossessions do not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys under the *Department of Lands and Surveys (Fees and Charges) Law (Cap. 219)*. Buyers should independently verify the applicable fees and charges with the Department of Lands and Surveys or a qualified Cyprus property lawyer before proceeding with a transaction.