Transfer Fees are levied by the Department of Land and Surveys for transfers of immovable property situated in Cyprus.
Rates applying from 19 March 1999.
In the case of property transferred to a family company, transfer fees are refundable after five years if the property remains with the company and the shareholders remain the same.
In the case of company reorganizations, transfers of immovable property are not subject to transfer fees or mortgage registration fees.
In case of property transferred from a family company to one of the two spouses or their children or to a relative up to third degree, the transfer fees are calculated on the value of the property on the title deed, as follows:
The following rates are applicable in the case of free transfers (based on the value stated in the titled deed which refers to values of the year 1920):
Mortgage registration fees are 1 percent of the current market value.