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Real estate transactions in Cyprus, whether for buying or selling, involve a legal framework that demands thorough understanding.

Immovable property tax is payable by 30 September each year on the market value as at 1 January 1980 of all immovable property in Cyprus registered in the name of the taxpayer at the start of the year.

Many people who have acquired, or who intend to acquire, an immovable property in the TRNC may consider earning some additional income from the letting of their property either for short term holiday lets or long term rentals.

Cyprus has undertaken a series of reforms to secure Troika financial support.

The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.

Purchasing property in Cyprus can often have a number of potential pitfalls. We always urge potential purchasers to exercise extreme caution when buying a property, particularly if the title deed...

Immovable property tax is payable by 30 September each year on the market value as at 1 January 1980 of all immovable property in Cyprus registered in the name of the taxpayer at the start of the year.

The fees charged by the Department of Land and Surveys to the acquirer for transfers of immovable property are as follows...

Immovable property tax is payable annually, calculated by reference to the market value as at 1 January 1980 of immovable property owned by the taxpayer at the beginning of the calendar year.

If you are planning to invest, or have already invested, in the real estate market, there may be many benefits that can be obtained by using Cyprus as part of a property ownership structure.

Transferring ownership in immovable property in Cyprus is typically done by means of transfer of title at the appropriate district lands office (the department of lands and surveys...

Immovable Property Tax has been abolished as from 1 January 2017. Until tax year 2016, the owner of immovable property situated in Cyprus was liable to pay an annual IPT which was calculated...

This section discusses the most important tax implications of the direct holding of real estate. Firstly, it discusses the impact for resident individuals and non-resident individuals.

Transfer fees are levied by the Department of Land and Surveys for transfers of immovable property situated in Cyprus.

The Cyprus government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.

Cyprus is the clear European leader on every aspect of its IP taxation regime, from the effective rate of tax, through the scope of assets covered, to the freedom from restrictions and limitations.

The agreement covers all taxes on income and capital levied by either state or by any of its sub-divisions or local authorities, including taxes on capital appreciation and on gains from the alienation of movable or immovable property.

On May 13, 2015, Cyprus and Georgia signed a new double taxation agreement (DTA). Unlike many former members of the USSR, Georgia did not adopt the 1982 Cyprus–USSR DTA when it became independent...