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Frequently Asked Questions

What taxes do you pay when buying property in North Cyprus?
Buying property in North Cyprus involves VAT (5% or 10% by home size), tiered stamp duty and a title transfer fee. From 7 October 2026 to 5 January 2027: foreigners pay 4%/5.5%/6% on properties 1/2/3; citizens of a country recognising the TRNC (Türkiye) pay 4%/5.5%/6% on properties 1–2/3–4/5–6. TRNC citizens pay 3%, or a one-time 2% for a home up to 200 m² plus a plot (one dönüm of field), or a workplace up to 100 m². Source: Official Gazette 197, A.E.955. Use the calculator for your buyer status.
Is VAT charged on resale property in North Cyprus?
Usually not. VAT applies only when the seller is VAT-registered (a developer or professional seller); a resale from a private individual is usually not subject to VAT, and the buyer pays the title transfer fee and stamp duty. Under the 2025 VAT Rates Regulation (consolidated text as of 7 October 2026), VAT on residential property supplies is 5% for homes with a covered area below 300 m² and 10% for 300 m² and above. Rates can be changed by Council of Ministers decision; confirm with the TRNC Inland Revenue before any transaction.
When and where are North Cyprus property taxes paid?
Contract stamp duty is paid within 1 month of the sale contract being drawn up. The title transfer fees are paid within 75 working days of the permission's publication in the Official Gazette; if unpaid, the Council of Ministers decision lapses. Source: Decree-Law 119/2026, Principal Law s.8(7). You can calculate the current amount with the Evlek tool.
Are there extra costs for foreign buyers in North Cyprus?
Foreign buyers and Turkish citizens pay a Council of Ministers permit application fee when applying for the purchase permit: half the gross monthly minimum wage in force (TL 35,446.50 as of 1 July 2026). Basis: Law 52/2008 s.8(4) (39/2024). The calculator converts it to sterling at the current exchange rate. Lawyer fees depend on your agreement with the lawyer and are not included in the total.