Transfer Fees for Immovable Property
Transfer fees
These are paid on transfers of immovable property in Cyprus and are calculated on the market value of the property as estimated by the Land Registry department.
| Market Value € | Percentage % | Fees % | Cumulative Fees % |
| 0 – 85.430 | 3 | 2.563 | 2.563 |
| 85.431 – 170.860 | 5 | 4.272 | 6.835 |
| 170.861 and over | 8 |
Please note that in the case of Transfer fees been paid on the transfer of property to a family company such transfer fees are refunded in five years provided the company still owns the property and there have not been any changes to its shareholders.
On the transfer of immovable property from a family company to its shareholders as well as on transfers by donation between spouses, spouses and children or relatives up to third degree of kindred, transfer fees are calculated on the estimated value of property appearing on the title deed at the following rates:
- Transfer to spouse 8%
- Transfer to children 4%
- Transfer to relative 8%
Transfers of immovable property by a company to another company for the purpose of a company re-organization are exempt from transfer fees.
Mortgage fees
On loans 1%
The transfer of a loan to another financial institution is subject to a levy of the lower of 1% of the new mortgage or € 200.
Renewal of the loan at the same financial institution in subject to a levy of €50
No fees are imposed on the transfer of mortgage by a company to another company as a result of a re-organisation.
