Nekibzade Advocates

Articles & Practical Legal Information

Discount in North Cyprus transfer tax for non-citizens

Starting from 30 May 2020 and until the end of 2020 the transfer tax for first time foreign buyers are reduced to only 1% if they are buying a house that is less than 140 m².

For later purchases, if the house is up to 300 m² the transfer tax is 3% and if the house is more than 300 m² the transfer tax is 4%. 

For transfer of other types of properties the tax amount is also 4%.

Related practice area:  Property & Land

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