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Cyprus – Property Taxes

Property tax in Cyprus is based on the value of the property and is typically paid annually. The tax rate ranges from 0.1% to 0.5% depending on the location and type of property.

Capital Gains Tax (CGT)

  • When selling a property in Cyprus, the seller is subject to CGT. The tax rate is 20% on the difference between the sale price and the original purchase price.

Inheritance Tax

  • Inheritance tax in Cyprus is imposed on the transfer of property from the deceased to the heir(s). The tax rate ranges from 20% to 40% depending on the relationship between the deceased and the heir(s) and the value of the property.

Gift Tax

  • Gift tax in Cyprus is imposed on the transfer of property as a gift. The tax rate ranges from 20% to 40%, and is based on the value of the property and the relationship of the giver and receiver.

Tax on Property Income

  • Income from renting out a property in Cyprus is subject to income tax. The tax rate ranges from 15% to 30%.

Tax Advantages


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  • There are certain tax advantages in buying a house in Cyprus. For example, the government provides a number of incentives for those who are interested in investing in real estate, such as reduced CGT rates for properties that are held for a certain period of time, and reduced property tax rates for properties that are used as a primary residence. Additionally, non-Cypriot residents may be eligible for a reduced VAT rate when purchasing a property.


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