Property taxes in Cyprus are mostly one-off charges when you buy or sell, not a yearly tax. Here is what applies in 2026, who pays it and how much.
General information, not tax advice. Rules have conditions and exceptions. Always check your own situation with a licensed professional before you buy, sell or let property.
| Cyprus property tax | When | Who pays | 2026 rate |
|---|---|---|---|
| Land Registry transfer fees | Buying (resale) | Buyer | 3% / 5% / 8%, halved; none if VAT charged |
| VAT | Buying new | Buyer | 19%, or 5% for an eligible main home |
| Stamp duty | – | – | Abolished from 1 January 2026 |
| Capital gains tax | Selling | Seller | 20% of the indexed gain |
| Sale levy | Selling | Seller | 0.4% of the sale price |
| Income tax and GHS on rent | Letting | Owner | Normal bands (first €22,000 tax-free) + 2.65% GHS |
| Annual property tax | Yearly | – | Abolished in 2017; local fees only |
| Price or market value | Rate |
|---|---|
| Up to €85,000 | 3% |
| €85,001 – €170,000 | 5% |
| Over €170,000 | 8% |
Example: a resale home at €200,000 with no VAT. €2,550 + €4,250 + €2,400 = €9,200, halved to €4,600. The Department of Lands and Surveys has an online calculator.
The Stamp Duty Law was abolished from 1 January 2026 as part of the tax reform. Before that, sale contracts paid 0.15% up to €170,000 and 0.2% above that, capped at €20,000.
The national immovable property tax was abolished from 1 January 2017. Your local municipality may still charge annual fees, such as municipal property and refuse fees, and sewerage boards may charge a sewerage fee. These vary by area, so check with your local authority.
No. The national annual immovable property tax was abolished from 1 January 2017. Owners may still pay local municipal fees (such as property and refuse fees) and sewerage fees, which vary by area.
On a resale property, the buyer pays Land Registry transfer fees of 3% up to €85,000, 5% from €85,001 to €170,000 and 8% above, reduced by 50%. On a new property, VAT of 19% (or 5% for an eligible main residence) applies instead and no transfer fees are due. Stamp duty was abolished from 1 January 2026.
The seller pays 20% capital gains tax on the inflation-indexed gain, after any unused lifetime exemption, plus a 0.4% levy on the sale price. If you trade in property as a business, income tax or corporate tax applies instead of capital gains tax.
20% on the gain. From 1 January 2026, individuals have lifetime exemptions of €150,000 for a main residence, €50,000 for agricultural land sold by a farmer and €30,000 for any other sale, with an overall lifetime cap of €150,000.
Rent is taxed under normal personal income tax. From 2026 the first €22,000 of total chargeable income is tax-free and you can deduct 20% of gross rent from buildings. Special Defence Contribution on rent was abolished from 1 January 2026, and the 2.65% GHS contribution applies.
Yes. Transfer fees, VAT, capital gains tax and the 0.4% levy apply whatever your residence. Non-residents also pay income tax and 2.65% GHS on Cyprus rent, but no Special Defence Contribution.
Use the enquiry chatbot on our homepage to be matched, free, with an independent licensed professional (accountant, lawyer or licensed estate agent). Cyprus Tax Connect does not give tax, legal or property advice. See our legal disclosure and privacy notice.
See also our Cyprus capital gains tax guide (selling property or land, indexation table), the Cyprus rental income tax guide and our Cyprus crypto taxes 2026 guide, or go back to the Cyprus Tax Connect homepage for company formation, non-dom and tax residency questions. See also the moving to Cyprus guide, the Cyprus company setup guide and the Cyprus income tax calculator 2026.
Last reviewed 26 October 2026.