TRNC Property Taxes & Fees (2026)
The items below are the main taxes and fees in TRNC property purchase and ownership. Because the title transfer fee differs between sources, it is given as a range rather than a single number; confirm the exact rate at the time of the transaction.
Legal Information Notice
This content is for general information only and is not legal, tax, or financial advice. TRNC laws and rates change and figures vary between sources. Verify the current official rate and consult an independent TRNC lawyer/accountant before any transaction. Last updated: 20 June 2026.
Acquisition Taxes & Fees
| Item | Value | Note |
|---|---|---|
| Stamp duty | 0.5% (of contract value) | Paid within 21 days of signing; a precondition for Land Office registration. |
| VAT | 5% | Only on professional-seller/developer (new/off-plan) sales; usually not on private resale. Paid at handover. |
| Transformer/infrastructure contribution | £1,500–3,000 | Electricity/infrastructure connection on new builds; not a tax but mandatory. At handover. |
| Annual property tax | ~3–5 TL/m² (covered area) | By m², not market value; ~£15–50/year. Paid to the municipality. |
Title Transfer Fee
9% to 12%
For foreign buyers the title transfer fee is cited between 9% and 12% across sources (statutory base 3% reduced / 6% standard; Turkish nationals tiered ~6/8/9). The rate changes with legislation; confirm the exact rate with the Land Registry or your lawyer at the time of the transaction.
Ownership & Sale Taxes
| Item | Value | Note |
|---|---|---|
| Rental income (withholding) | 10% gross, flat | Not tiered. A corporate tenant withholds at source. Short-term (tourism) needs registration + licence. |
| Capital gains (on sale) | 2.8% (private individual) | A once-in-a-lifetime single-property exemption (0%). Professional sellers 4–6.25%, no exemption. |
| Inheritance (spouse/child) | ~0% | Effectively zero to spouse/descendants (nominal admin fee). A TRNC will is recommended. |
| Double-taxation treaty | With Turkey only | For other countries a home-country declaration may be required. |