Immovable Property tax

The registered owner of the property is liable to an annual immovable property tax calculated on the market value of the property as at 1st January 1980.

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Assessed Values as at 1 January 1980

Tax Rate

0 -  €40.000

0.6 % (minimum amount €75)

40.000 -  €120.000

0.8%

€120.001 - €170.000

0.9%

€170.001 - €300.000

1.1%

€300.001 - €500.000

1.3%

€500.001 - €800.000

1.5%

€800.001 - €3.000.000

1.7%

Over €3.000.000

1.9%


Transfer Fees | Immovable Property Tax | Stamp Duty | Capital Gains Tax | VAT on Property

 

 

For more information please refer to KPMG website www.kpmg.com.cy