Amount of taxes when purchasing property in Northern Cyprus
When purchasing real estate in Northern Cyprus, the total amount of taxes (excluding separate fees and service charges) is 14.5% of the assessed value. This amount typically consists of 0.5% stamp duty, 6% land registry fee, 5% VAT, and 3% title transfer fee.
- Taxes when buying real estate
- Frequently Asked Questions
- If you need consultation on taxes and the transaction
Taxes when buying real estate in Northern Cyprus
As in any other country, when purchasing real estate the buyer pays several mandatory taxes. The basic payments are:
- 0.5% stamp duty
- 6% land registry fee
- 5% VAT
- 3% title transfer fee
| Payment | Rate | When it usually arises | Comment |
|---|---|---|---|
| Stamp Duty | 0.5% | At contract registration | Paid according to the purchase agreement |
| Land Registry fee | 6% | During registration actions in the land registry (TAPU) | Related to registration of rights/contract procedure |
| VAT | 5% | According to transaction conditions (often in developer deals) | Depends on the contract and registration stage |
| Title Transfer fee | 3% | During transfer of the Title Deed | Paid when transferring the title to the buyer |
Important: in addition to taxes, there may be fees and service charges related to the procedure (amount depends on the situation and document package).
Frequently Asked Questions
In what order are real estate purchase taxes paid?
First stamp duty and land registry fees, then VAT, and then the title transfer fee. More details are in our analysis of taxes when buying property.
Where can I find Northern Cyprus tax authority contacts?
On this page you can find general information about the Northern Cyprus tax office and contacts of all regional branches.
What else is needed for property registration in Northern Cyprus?
In short: signing the purchase agreement, registering it with the tax office and land registry (TAPU), submitting an application for approval, and transferring the title.
If you need consultation on taxes and the transaction
If you want to clarify the tax base, payment procedure, and documents for your transaction in Northern Cyprus, you can contact our legal partner — DeJure.
- Phone: +90 539 119 05 55
- Telegram
Vadim Chernyakov
I have been working in the real estate market of Northern Cyprus since 2012. During this time, I have built one of the largest databases of secondary properties on the island. My experience and deep expertise allow me to find optimal solutions for clients, support transactions at every stage, and ensure transparency and security throughout the process.
Phone
+905338824055
Book a call
Leave a request and receive expert assistance from our specialist.
Author
I am a person who is not afraid to change life when my heart tells me that something greater lies ahead. I am originally from Belarus. I have journeyed from pedagogical and economic education to the financial sector and many years of work in logistics — a world where everything moves, changes,…
You may also be interested in:
- How to Obtain a Property Title in Northern Cyprus
- Contract with a Developer in Northern Cyprus: Which Clauses Should Be Modified
- Additional Costs When Buying Property in Northern Cyprus
- Falling resale and rental prices in Northern Cyprus: truth and myths
- Is it worth investing in studios in Northern Cyprus?