Transfer fees are not applicable to new properties or land that are subject to VAT.
PLUS VAT:
€490,000
LEGAL FEES:
€98,000
(usually 1% to 1.5%)
Please note that the above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may be based on thier own property valuation price not reported sale price and therefore fees might differ to what is shown above.
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