15% Property tax on sales9 Replies
I am currently in UK but was seriously thinking of buying a 2 bed apartment in Cyprus in 2018 or 2019.However I have heard rumours of a 15% tax on the sale of all property. Is there any truth to this ? And if so when does it / did it come in ?Currently I would pay about 3% tax in purchasing a €100,000 euro apartment. If 15% is imposed it will kill any chances of buying - unless I carry on working and saving for at least 18 months - and by then UK citizens will no longer be EU citizens - with all the added repercussions regarding immigration regulations. No doubt after Brexit in March 2019 it will be much tougher for Brits to relocate to anywhere in the E.U.Is there any truth to this 15% property tax ??