There are 4 different taxes

• If a Contract of Sale is made, 0.5% of Sale Price as Stamp Duty (Paid by the Vendor)
• 6% Land Registry Fee for Transfer of Immovable Property Title Deed (However, each Purchaser has the right to pay 3% instead of 6% on a one-time basis)
• 5% VAT (Paid by the Purchaser; subject to change based on the Professional status of the Vendor. If the Vendor is not a Professional, Purchaser does not pay the 5% VAT)
• Capital Tax (Paid by the Vendor)
• The applicable taxes are different if the transfer is done as a gift; 0.2% for gift from parents to children, 0.4% for gift from one spouse to another, 0.4% and capital tax for gift from grandparents to grandchildren

• Foreign nationals can only take title to immovable property which equals to 1 plot of land and/or 1 donum of land and/or 1 house.
• In order to purchase more than one immovable property and/or one house and/or a property over 1 donum in area, it is necessary to use trustees or set up a company in T.R.N.C.
• Construction permit license should be acquired for constructing a building and/or house on the immovable property.
• The immovable property to be purchased should be free of any mortgages/charges or impediments.
• The Vendor (Seller) should be the registered true freehold owner of the property.
• The Contract of Sale should be registered at the Land Registry within 21 days from the signature date.
• In order to register the immovable property under Foreign National’s name, application for permit to purchase property must be submitted to T.R.N.C. Council or Ministers and the permit must be granted by the Council of Ministers.

• Pre-1974 Clean Freehold title properties, Immovable Property Title Deeds which belong to Turkish Cypriots, British and other nationals since prior to 1974
• Exchange Properties, Turkish Cypriots register their losses from the properties they left in South Cyprus in T.R.N.C. and earn points in return which can be used to purchase property in North Cyprus and accordingly they can purchase properties left by Greek Cypriots as exchange
• Turkish Mainland Deed Properties, title deeds given and/or assigned by T.R.N.C. government after 1974 to war veterans, their families, people invited from mainland Turkey to live and work in T.R.N.C. and people who moved from South to North but do not own any propery.