Cyprus Property Transfer Fees Calculator

Property Transfer Fees Calculator for Cyprus

The Property Transfer Fees Calculator for Cyprus is designed to help purchasers estimate the transfer fees and stamp duties payable when registering an acquired property in their name. This tool ensures transparency and accuracy, making it easier for buyers to understand the financial implications of their property transactions.

This calculator is intended for individuals and companies purchasing property in Cyprus, including first-time buyers, investors, and those involved in property transfers between family members.

Key Features:

• Accurate Calculation: Determines transfer fees and stamp duties based on the property’s market value or assessed value.
• Exemption Considerations: Accounts for exemptions and reductions as per the latest legislation.
• Joint Purchase Support: Calculates reduced fees for properties bought in joint names.
• User-Friendly Interface: Easy to navigate and use, ensuring a seamless experience for all users.

How to Use:

1. Enter Property Value: Input the market value or assessed value of the property.
2. Select Transaction Type: Choose whether the transaction is subject to VAT or not.
3. Indicate Joint Purchase: Specify if the property is being bought in joint names.
4. Calculate: Click the calculate button to get the estimated transfer fees and stamp duties.

Benefits:

• Cost Estimation: Provides a clear estimate of transfer fees and stamp duties, helping buyers plan their finances.
• Legal Compliance: Ensures calculations are in line with the latest legal requirements and exemptions.
• Time-Saving: Quickly determines fees, saving time and effort.

Important Legal and Financial Information:

Transfer Fees Rates:

• Single Buyer:
  • Up to €85,000: 3%
  • €85,001 – €170,000: 5%
  • Over €170,001: 8%
• Joint Buyers:
  • Up to €170,000: 3%
  • Above €170,000 to €340,000: 5%
  • Above €340,000: 8%

Stamp Duties: Stamp duties are taxes paid by property purchasers when registering the property sales agreement with the land registry.

• Up to €5,000: 0.00%
• Above €5,000 to €170,000: 0.15%
• Above €170,000: 0.20%

Exemptions:

• Total Exemption: For transactions subject to VAT.
• 50% Exemption: For transactions not subject to VAT, applicable to first-time sales from December 2, 2011, onwards.
• Family Transfers: No transfer fees for transfers from parent to child.

Note: The calculator takes into account the 50% exemption for transactions not subject to VAT and other relevant legal provisions. Calculations may differ from those of the Cyprus Land Registry. For a detailed quotation, please contact us.

Disclaimer: The information provided in this section is intended solely as a guide and has been compiled with every reasonable effort to ensure accuracy and timeliness. However, CEA does not accept any legal responsibility for the information contained herein and shall not be held liable for any loss or damage resulting from reliance on this information.