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Financial Incentives from Cyprus Government

Financial Incentives from Government to Buyers of new properties

– Reduced VAT for new properties; first time buyers of new properties will be eligible to be charged at 5% VAT on the value of the purchase instead of the normal rate of 19% VAT

– No transfer fees/ registration fees; buyers of new properties which are charged with VAT and purchased prior to the 31/12/2016 will be exempt from paying any transfer/ registration fees at the time of the transfer and registration of the property in their name.

– No capital gains tax for new properties; buyers of new properties which are charged with VAT and purchased prior to the 31/12/2016 will be exempt from any capital gains tax at the time of the sale of the property at any time in the future.

Alexander Heights