Transfer Fees - New Law
The House of Representatives has voted unanimously to abolish or reduce Property Transfer Fees for a period of six months. The changes came into effect on Friday 2nd December 2011 and will remain in force until the end of May 2012.
- For those who pay VAT on their house purchase, no transfer fees will be payable.
- For those who do not pay VAT on their purchase, property transfer fees are to be reduced by 50%.
EXAMPLES:
For a property with a selling price of 100,000 Euros:
PREVIOUS TRANSFER FEES: 3,300
NEW TRANSFER FEES: 1,650 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 130,000 Euros:
PREVIOUS TRANSFER FEES: 4,800
NEW TRANSFER FEES: 2,400 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 150,000 Euros:
PREVIOUS TRANSFER FEES: 5,800
NEW TRANSFER FEES: 2,900 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 170,000 Euros:
PREVIOUS TRANSFER FEES: 6,800
NEW TRANSFER FEES: 3,400 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 200,000 Euros:
PREVIOUS TRANSFER FEES: 9,200
NEW TRANSFER FEES: 4,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 300,000 Euros:
PREVIOUS TRANSFER FEES: 17,200
NEW TRANSFER FEES: 8,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 400,000 Euros:
PREVIOUS TRANSFER FEES: 25,200
NEW TRANSFER FEES: 12,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 500,000 Euros:
PREVIOUS TRANSFER FEES: 33,200
NEW TRANSFER FEES: 16,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 600,000 Euros:
PREVIOUS TRANSFER FEES: 41,200
NEW TRANSFER FEES: 20,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 700,000 Euros:
PREVIOUS TRANSFER FEES: 49,200
NEW TRANSFER FEES: 24,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 800,000 Euros:
PREVIOUS TRANSFER FEES: 57,200
NEW TRANSFER FEES: 28,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 900,000 Euros:
PREVIOUS TRANSFER FEES: 65,200
NEW TRANSFER FEES: 32,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,000,000 Euros:
PREVIOUS TRANSFER FEES: 73,200
NEW TRANSFER FEES: 36,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,100,000 Euros:
PREVIOUS TRANSFER FEES: 81,200
NEW TRANSFER FEES: 40,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,200,000 Euros:
PREVIOUS TRANSFER FEES: 89,200
NEW TRANSFER FEES: 44,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,300,000 Euros:
PREVIOUS TRANSFER FEES: 97,200
NEW TRANSFER FEES: 48,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,400,000 Euros:
PREVIOUS TRANSFER FEES: 105,200
NEW TRANSFER FEES: 52,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,500,000 Euros:
PREVIOUS TRANSFER FEES: 113,200
NEW TRANSFER FEES: 56,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,600,000 Euros:
PREVIOUS TRANSFER FEES: 121,200
NEW TRANSFER FEES: 60,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,700,000 Euros:
PREVIOUS TRANSFER FEES: 129,200
NEW TRANSFER FEES: 64,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,800,000 Euros:
PREVIOUS TRANSFER FEES: 137,200
NEW TRANSFER FEES: 68,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 1,900,000 Euros:
PREVIOUS TRANSFER FEES: 145,200
NEW TRANSFER FEES: 72,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 2,000,000 Euros:
PREVIOUS TRANSFER FEES: 153,200
NEW TRANSFER FEES: 76,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 2,500,000 Euros:
PREVIOUS TRANSFER FEES: 193,200
NEW TRANSFER FEES: 96,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 3,000,000 Euros:
PREVIOUS TRANSFER FEES: 233,200
NEW TRANSFER FEES: 116,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 3,500,000 Euros:
PREVIOUS TRANSFER FEES: 273,200
NEW TRANSFER FEES: 136,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 4,000,000 Euros:
PREVIOUS TRANSFER FEES: 313,200
NEW TRANSFER FEES: 156,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 4,500,000 Euros:
PREVIOUS TRANSFER FEES: 353,200
NEW TRANSFER FEES: 176,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 5,000,000 Euros:
PREVIOUS TRANSFER FEES: 393,200
NEW TRANSFER FEES: 196,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 6,000,000 Euros:
PREVIOUS TRANSFER FEES: 473,200
NEW TRANSFER FEES: 236,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 7,000,000 Euros:
PREVIOUS TRANSFER FEES: 553,200
NEW TRANSFER FEES: 276,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 8,000,000 Euros:
PREVIOUS TRANSFER FEES: 633,200
NEW TRANSFER FEES: 316,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 9,000,000 Euros:
PREVIOUS TRANSFER FEES: 713,200
NEW TRANSFER FEES: 356,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 10,000,000 Euros:
PREVIOUS TRANSFER FEES: 793,200
NEW TRANSFER FEES: 396,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 11,000,000 Euros:
PREVIOUS TRANSFER FEES: 873,200
NEW TRANSFER FEES: 436,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 12,000,000 Euros:
PREVIOUS TRANSFER FEES: 953,200
NEW TRANSFER FEES: 476,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 13,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,033,200
NEW TRANSFER FEES: 516,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 14,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,113,200
NEW TRANSFER FEES: 556,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 15,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,193,200
NEW TRANSFER FEES: 596,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 16,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,273,200
NEW TRANSFER FEES: 636,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 17,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,353,200
NEW TRANSFER FEES: 676,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 18,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,433,200
NEW TRANSFER FEES: 716,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 19,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,513,200
NEW TRANSFER FEES: 756,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 20,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,593,200
NEW TRANSFER FEES: 796,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 21,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,673,200
NEW TRANSFER FEES: 836,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 22,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,753,200
NEW TRANSFER FEES: 876,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 23,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,833,200
NEW TRANSFER FEES: 916,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 24,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,913,200
NEW TRANSFER FEES: 956,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 25,000,000 Euros:
PREVIOUS TRANSFER FEES: 1,993,200
NEW TRANSFER FEES: 996,600 or ZERO (if there is VAT during the purchase)
For a property with a selling price of 30,000,000 Euros:
PREVIOUS TRANSFER FEES: 2,393,200
NEW TRANSFER FEES: 1,196,600 or ZERO (if there is VAT during the purchase)
Please Contact Us for more information
Source: bestcyprusproperties.com
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