CITIZENS/COMPANIES
SALE/EXCHANGE
Who can apply:
Transfer of immovable property by sale means the transfer of the title deed of a property from one person to another, which constitutes a voluntary act of both the party transferring (transferor) and the party accepting the transfer (transferee).
With regards to the District of Keryneia and the Turkish occupied areas of Ammochostos, please follow the link
With regards to the District of Keryneia and the Turkish occupied areas of Ammochostos, please follow the link
Required Documents / Conditions / Samples:
- Two appointment forms, filled in electronically.
- Declaration of Transfer of Immovable Property – Form – N270
- A. For electronic completion FORM Ν.270.docx (word file)
- B. For hand-written completion FORM Ν.270.pdf (pdf file)
- Tax Clearance Certificate (Immovable Property Tax / Capital Gains Tax / Central Body for the Equal Distribution of Burdens Levy) Form Ν313, duly completed and stamped by the Tax Registrar.
- Receipt obtained from the Municipality or Community Council in whose boundaries the property is situated, indicating that the tax has been paid. This is not required for the Turkish-occupied areas of Lefkosia and Larnaka Districts.
- Receipt obtained from the District Local Government Organisation (DLGO) in whose boundaries the property is situated, indicating that sewerage fees have been paid. This is not required for the Turkish-occupied areas of Lefkosia and Larnaka Districts.
- Receipt obtained from the District Local Government Organisation or the Community Council in whose boundaries the property is situated, indicating that the water supply charges have been paid. This is not required for the Turkish-occupied areas of Lefkosia and Larnaka Districts.
- Receipt indicating that the water supply charges have been paid
- Confirmation that the property does not fall within the limits of the Water Board
- Αντίγραφο Δελτίου Ταυτότητας/ARC/Διαβατηρίου όλων των ενδιαφερόμενων μερών. Το αρχικό Δελτίο Ταυτότητας/ARC/Διαβατήριο ή άλλο τεκμήριο θα πρέπει να προσκομίζεται κατά την ώρα της δικαιοπραξίας για σκοπούς ταυτοποίησης.
- Form Ν314Α1, duly completed and signed. In case the sale relates to buildings, one form to be completed and signed for each independent unit (e.g. house, shop, etc.) This is not required for the Turkish-occupied areas of Lefkosia and Larnaka Districts.
- Form Δ.Ε.307, which may be completed electronically or in handwriting in case of a natural or legal person's representation. The form must be signed at the time of transfer.
- If the application is submitted by a Proxy, either through a General Power of Attorney (fee of €50.00 for depositing) or through a Special Power of Attorney (no fee), then Power of Attorney must be placed in the special box outside the building of the District Lands Office. The Power of Attorney must be duly stamped and the signature thereon certified.
Please note that one of the following should be provided as applicable:
Notes:
1) Where a share in a property is to be transferred to a person who is not a registered co-owner in that same property, a written consent using the form N254A is required from the registered co-owners, stating that they do not wish to purchase the share atthe price at which is sold. Otherwise, on the day of the transfer, it shall be required by the purchaser to publish the proposed sale in two official newspapers within sixty days.
2) When the property is mortgaged and is to be transferred under the encumbrance, the encumbrance, the mortgagee’s consent is required.
3) The transferor and/or the transferee may submit a substantiated valuation report from a private surveyor, member of the Cyprus Scientific and Technical Chamber (ETEK), in order to assess and determine the market value of the property so as to calculate the transfer fees. The date of the valuation should not be older than one year from the date of the transfer or the date of the sale contract, irrespective of the stated sale price, which is the result of negotiations between the parties.
4) It has been observed that long after the Transfer, sellers tend to request a photocopy of the form N313 - tax clearance certificate, for a use other than the purpose of the Transfer. In all cases, sellers are requested to make photocopies of the documents before submitting them to the competent District Lands Office.
How to submit:
The submission of all necessary documents is effected at the DLO you wish to have the legal transaction processed. Once the validity and the completeness of the documents have been verified, you will be notified of the date and time of the appointment to process the transaction, either by telephone or via e-mail
Fees / Charges:
| Sale: With the exception of a sale from parents to children, and a gift between relatives up to third degree of kindred or between non-relatives, fees are levied on the sale price or on the market value of the property transferred, whichever is applicable: - 3% from €0.01 to €85,000.00 - 5% from €85,001.00 to €170,000.00 - 8% from €170,001.00 and above To calculate the Transfer Fees please follow the link: https://portal.dls.moi.gov.cy/alles-ypiresies/ergaleia/ypologismos-telon-metavivasis/ The transfer fees resulting from the above calculation may differ if the purchase of the property falls within one of the following cases/exceptions: No fee is charged or collected pursuant to Chapter 17 of the Schedule, where Value Added Tax is charged for the same transaction involving the same immovable property, (by providing a certificate from Value Added Tax Department). Kindly note that in case the Director is not satisfied with the stated amount, fees are charged as provided for in Article 10 of Cap. 219. 2) A 50% discount on the immovable property transfer fee for all cases where fees are charged or collected under Chapter 17. 3) In cases where the property to be sold is situated in the occupied by the Turkish troops areas of Cyprus, and the beneficiary is a Greek-Cypriot citizen, the registration of the title to the beneficiary is made without any fees to be charged, until the political settlement of the Cyprus problem. 4) Where immovable property is purchased, which was acquired by the seller in the course of a real estate sale procedure under the provisions of Parts VI and VIA of the Transfer and Mortgage Law No. 9/1965, then transfer fees shall be levied and collected under Chapter 17, without granting the fifty percent (50%) discount on the transfer fees for immovable property. |
| Notes: - Where in the opinion of the Director, the declared sale price does not represent the real market value (as a the date of the agreement), such market value, on which the fees are payable, shall be determined by the Director Of the Department of Lands & Surveys. - If the transferee does not agree with the decision of the Director regarding the determination of the market value, he/she has to nevertheless pay the fees as assessed on that value and declare in writing his/her objection/disagreement. In this case, a local enquiry and valuation of the property takes place and the decision is notified to the interested person. The valuation must take place within three months from the date of the transfer. The transferee is entitled to contest the Director’s decision by filing an application/appeal against the Director’s decision at the appropriate Court. |
| Exchange: No fees Where in the opinion of the Director, the market values of the exchanged properties are not equal on the exchanged date, each transferee shall pay fees on the exchanged property and no fees are paid by the person acquiring the property with the lowest market value, whereas the person acquiring the property with the highest market value shall pay according to the Chapter’s 17 scale of Cap. 219, calculated on the difference of the market value between the exchanged properties. Upon exchange between relatives up to third degree of kindred or between husband and wife, the above provisions are not applied. |