When you sell a property here in North Cyprus, there are some taxes and costs that you should be aware of to ensure that there are no nasty surprises. Listed below are some of what will be expected of you:-
Please note: If you are selling your first property you are entitled to a one off Tax free sale - enquire at the Tax office for your exemption notice
Also if the property/Title Deed is in the name of a Company or a Trust Company the taxation rate will be 4.5% on the day of completion to guarantee a swift and smooth sale you will be required to supply the following:
Please Note: Receipts will be required by the purchaser/purchasers lawyer.