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What taxes do you pay when buying property in North Cyprus?
When you buy property in North Cyprus you pay VAT (5% or 10%, depending on the home's size in m²), tiered stamp duty and a title transfer fee. The general foreign-buyer group pays a flat 9%; buyers in the reciprocity/recognition group pay a tiered rate (1st property 6%, 2nd 8%, 3rd or more 9%) — we have not verified that group's exact statutory definition against the primary legislative text. Use the calculator to see the rate that applies to your own buyer status.
Is VAT charged on resale property in North Cyprus?
No. In North Cyprus the 5% VAT applies only to new-build (first-sale) property. There is no VAT on a resale — the buyer pays only the title transfer fee and stamp duty.
When and where are North Cyprus property taxes paid?
Stamp duty is paid to the Tax Office before the transfer is registered; VAT and the title transfer fee are paid at the moment of transfer at the Land Registry. You can calculate the current amount with the Evlek tool.
Are there extra costs for foreign buyers in North Cyprus?
In addition to the standard tax items, foreign buyers pay a Council of Ministers purchase-permit application fee, a legal fee for the contract and translator costs. The current permit fee is set in Turkish lira and is shown in the calculator converted at the current exchange rate.