Anso Consulting Ltd

Cyprus Immovable Property Tax

 

Immovable Property Tax has been abolished as from 1 January 2017. Until tax year 2016, the owner of immovable property situated in Cyprus was liable to pay an annual IPT which is calculated on the market value of the property as at 1 January 1980, at the varying rates as noted in the table below, which apply per owner and not per property

Market Value of Property (1/1/1980) 
(€)

Annual Property Tax 
(%)

up to 40.000

0.6

40.001 - 120.000

0.8

120.001 - 170.000

0.9

170.001 - 300.000

1.1

300.001 - 500.000
1.3
500.001 - 800.000
1.5
800.001 - 3.000.000
1.7
Over 3.000.000
1.9

 

Cyprus Tax Information

The links below will provide you with more detailed information on the main sections related to the Cyprus taxation.