Real estate taxes in Cyprus: transfer, annual, capital gains111

Cyprus is famously light on real-estate tax compared with most of the eurozone. The picture is not zero, however — and which line items apply depends on whether the buyer is an individual or a company, whether they live in Cyprus, and whether the home is brand-new or a resale.111

At purchase

• VAT — 19% on new-build, with the 5% reduced rate available on the first 130 sqm of a primary residence (capped at €350,000 of value).
• Stamp duty — 0.15% on the first €170,000 of contract price; 0.20% on the remainder; capped at €20,000.
• Title-transfer fees — Waived on new-build subject to VAT. On resale: 1.5% / 2.5% / 4% tiered, with a 50% discount for buyers under the 2025 promo regime (still in force in 2026).

During ownership

No annual immovable-property tax (abolished 2017). Municipal property charges apply: €100–€400/year depending on city and area; communal-area service charges for apartments €1.5–€5/sqm/month. No wealth tax of any kind.

At resale

• Capital-gains tax — 20% on the gain, with three statutory reliefs: a €17,086 one-time lifetime exemption; a €25,629 once-per-life exemption on the sale of a primary residence held for at least 5 years; full exemption on agricultural land sold to farmers.
• Inflation indexing — The acquisition cost is uplifted by Cyprus CPI between purchase and sale, materially reducing the taxable gain.