buy cyprus investment property, buying villas for sale with IDEA Home Finder Ltd

Stamp Duties and Transfer Fees

The stamp duties payable on contracts are 0.15% of the value of the property up to €170.860 and 20% for over €170.861.

The property transfer fees are payable to the Land Registry and are calculated to the property's market value:

Value of Property C£                                 Transfer fee Rate
Up to 85.430                                              3%
From 85.431 - 170.860                                5%
From over - 170.861                                    8%

If the owners are two or more, each owners share starts with the above scale, so there is a substantial saving if the sale price is quite high.