In Cyprus, property transfer fees are charged by the Department of Lands and Surveys (DLS) when the full legal ownership of a property is transferred to the purchaser. (This can take many years.)

In Cyprus, Capital Gains Tax (CGT) is generally 20% on the taxable gain from selling Cyprus immovable property. It can also apply to certain disposals of shares in companies holding property in Cyprus.

While buying property in Cyprus holds many opportunities, it also comes with risks. Carrying out comprehensive due diligence before signing a sale agreement is essential to safeguard your investment, avoid legal complications, and ensure peace of mind.