Did you know that there are taxes called "Stamp Duty" and "TTF" (Transfer of Title Fees) in Cyprus? Let's delve into them together!

Stamp Duty: This tax applies to certain documents, including property sale and lease agreements, as well as other legal documents. The rate of Stamp Duty in Cyprus depends on the value of the transaction. It’s important to note that this is an additional tax to consider when purchasing or leasing property.

Transfer of Title Fees (TTF): This tax is levied when transferring ownership rights to a property. The TTF rate is determined based on the market value of the property at the time of transfer. It is essential to take this tax into account when considering the financial aspects of buying or selling property in Cyprus.

Now that you are familiar with Stamp Duty and TTF, you can plan your finances more consciously when it comes to buying or renting property in Cyprus.