Cyprus:
Reduction In Fees For The Transfer Of Immovable Property
03 August 2016
Elias Neocleous & Co LLC
To print this article, all you need is to be registered or login on Mondaq.com.
In July 2015, as part of a package of measures introduced in
order to stimulate the real estate market, a 50 per cent reduction
of transfer fees on immovable property acquired between 16 July
2015 and the end of 2016 was announced, provided that the property
was acquired on an arm's-length basis and not under the
foreclosure provisions of the Transfer and Mortgage of Immovable
Properties Law. In July 2016 the reduction in transfer fees was
made permanent by the Lands and Surveys Department (Fees and
Rights) (Amendment) (No 2) Law.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Wealth Management from Cyprus
Video Series On The Irish ELTIF | Episode One
Dillon Eustace
In this three-part video series, Brian Kelliher, Cillian Bredin and Derbhil O'Riordan provide an overview of some of the key features of the Irish ELTIF, including its liquidity profile.
Video Series On The Irish ELTIF | Episode Three
Dillon Eustace
In this three-part video series, Brian Kelliher, Cillian Bredin and Derbhil O'Riordan provide an overview of some of the key features of the Irish ELTIF, including its liquidity profile.