OTHER FEES TO BUY PROPERTY IN NORTH CYPRUS

For foreign people who wants to buy a house will sign a contract with the person or institution where the house is bought. Actually they will pay tax to the government without house. These foreign people complete the payment in accordance with the content agreed and written in the contract. The contract is approved by the office and rate of 5 in 1000 is levied. Within 6 months you can hire a professional lawyer to make your transactions with the Ministry of internal affairs. These procedures are performed to get the deed on top of it.

“EXTRA PAYMENT TAXES”

1- Stamp rate – 0.5% (paid at the time of signing the contract)

2- VAT – 5% of price of property

3- Transformer contribution – £ 1,500-GBP, depending on the project

(It is paid on the turnkey basis)) Common usage counter up to + 150stg.

4- Water and electricity meter connecting, sewage, garbage container – total

3,500 – 4,000 TL (varies by region), the customer pays KIB-TEK are and the municipality

5- Deed fee -% 3 (if the exemption is used, only one time right) or 6% (if you do not want to use the opposition)

* The title deed is made after closing all the balance

* Application to the Ministry of Interior for permission to receive stub for foreign nationals

* Exemption – a one-time exemption right is paid as 3%.