New property sales tax payable by the vendor

New property sales tax to support refugees

Real Estate Tuesday, 16 February, 2021

The parliament approved this week a new levy of 0.4% will be imposed on all property sales in order to support Greek-Cypriot refugees.

According to the new law, the tax will be on any sale/transfer of real estate, the levy will be payable by the seller and the funds will be distributed to the support the refuges through various Governmental Schemes.

Property Canvas

Author: Property Canvas

ETEK Property Valuers, Registered and Licensed Real Estate Agency

Property Canvas is a leading real estate agency in Cyprus, specializing in property sales, investment, and valuation. Our team comprises licensed estate agents and certified property valuers with extensive experience in the Cypriot market, providing expert guidance to buyers, sellers, and investors. Our Team has authored the “New property sales tax to support refugees”.

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