Limassol as a city2 min readUpdated July 2026
Taxes and fees for property owners in Cyprus
VAT, transfer fees, stamp duty, municipal taxes and rental income — what actually applies.
At purchase
New-build purchases carry VAT — 19% standard, with a reduced 5% rate on a qualifying first primary residence up to defined area and value limits. Transfer fees are reduced or waived where VAT has been paid. Stamp duty applies to the contract.
While you own
Immovable property tax at national level was abolished; municipal and community charges remain and are modest. Rental income is taxable, with contributions depending on your residency and domicile status.
Get it modelled
The VAT calculator on this site models the 5% versus 19% outcome for a specific price. It is an estimate, not tax advice — your lawyer confirms eligibility.