Calculate Value Added Tax (VAT) on property transactions in Cyprus.
Stamp Duty Abolished! Good news! Stamp duty on property contracts has been completely abolished from January 1, 2026, reducing transaction costs.
VAT on Flats and Houses
VAT on new flats and houses in Cyprus is 19% unless conditions for a reduced 5% rate are met:
- Primary Residence: Used for 10+ years.
- Size: Up to 190 sqm, with 5% on first 130 sqm.
- Value: Up to €475,000 total, with 5% up to €350,000.
- First Purchase: No prior use of reduced VAT.
Land
Land is typically VAT-exempt unless sold by a VAT-registered entity for commercial/industrial use (19%). Example: Land €100,000, personal use = €0 VAT.
VAT on Plots
Plots:
- 19% VAT if commercial/industrial, previously land by same owner, or another plot sold in last 7 years.
- 0% VAT if first sale in last 7 years.
- Note: Building a house may entitle you to a 14% VAT rebate under conditions.
Calculate VAT
Results
This VAT calculation is indicative only and provided for informational purposes. Based on Cyprus tax laws effective 2026. For accurate advice, consult a qualified tax professional or contact us.
For Further Information
Please Call: +357 22452040
info@21finder.com