CYPRUS
Property Taxes in Cyprus
You pay either VAT or transfer fees — not both
2026 rates: stamp duty abolished, no annual property tax
5%
reduced VAT
first home ≤130 m², ≤€350k
€0
annual property tax
none since 2017
20%
tax on sale
CGT, with reliefs & allowances
€90–300
municipal / year
refuse, lighting, sewerage
The fork at entry
1
New-build
pay VAT (5% or 19%), no transfer fees
2
Resale
no VAT, transfer fees at 50% off
3
Stamp duty
abolished from 01.01.2026
Transfer fees on resale
New-build (VAT paid)
no transfer fee charged
0%
up to €85,000
before 50% discount
3%
€85,000 – €170,000
before 50% discount
5%
above €170,000
before 50% discount
8%
Worth remembering
RELIEF
5% VAT on a first home
within the limits — tens of thousands of euros saved
2026
SDC on rent abolished
for residents; stamp duty abolished too
virtoproperty.com
· Source: Tax Department of Cyprus (mof.gov.cy) · June 2026
For information only; not tax or legal advice.