The real estate transfer tax is imposed by the Land Registry Office on the transfer of title of real estate situated in Cyprus. The transferee is responsible for the payment of the tax. The tax is based on the value of the consideration given or if such consideration is not accepted, on the market value of the property. The rates are on a graduated scale starting at 5% on a property valued up to C£10.000, and reaching a rate of 8% on a value over C£75.000.

The contents of this article are intended to provide a general guide to the subject matter. Specialist advice should be obtained before any action is taken.