Cyprus Stamp Duty in 2026: Abolished

Yes. Cyprus abolished stamp duty on property contracts effective 1 January 2026 as part of a national tax reform package. The abolition is permanent and applies to all property types.

No stamp duty applies to any property purchase in Cyprus from January 2026 onwards. New builds are subject to VAT instead: 5% on the first EUR 350,000 for a qualifying primary residence, or 19% standard rate on non-exempt new properties.

Buyers should budget 4-7% of the purchase price in total acquisition costs. This includes transfer fees (3-8% depending on value, reduced by 50% if VAT applies), legal fees (1-2%), and Land Registry registration fees (EUR 50-200 fixed). No stamp duty applies.

A 20% CGT applies to gains on the disposal of immovable property in Cyprus. However, a EUR 17,086 lifetime personal exemption applies to individuals, and a EUR 85,430 exemption is available on gains from selling your main residence subject to occupation conditions. Gains on Cyprus company shares are fully CGT-exempt.

Yes. The Permanent Residence by Investment programme requires a minimum EUR 300,000 investment in a new-build property from a qualifying developer. The residence permit is indefinite and can include a spouse and children under 18. Processing typically takes 2-3 months.

No national annual property tax exists in Cyprus. The Immovable Property Tax was abolished in 2017. Some municipalities charge minor annual levies for sewerage and refuse services, typically EUR 100-400 per year, but there is no equivalent of the UK council tax or Irish Local Property Tax.