Taxation

Tax and Duty Calculator

Work out the taxes and duties payable on a purchase, a gift transfer or rental income, line by line. Every rate comes from the schedules published in our taxation guide.

Property price

Currency

Buyer status

Seller

VAT appliesVAT normally arises on a new build bought from a VAT-registered seller and generally not on a private resale between individuals. BESTATE PROPERTY checks the seller and property status when preparing the transaction file; confirm transaction-specific tax treatment with the Income and Tax Department or a qualified accountant.

Line by line

Title deed transfer duty9.0% · Buyer£18,000
VAT5.0% · Buyer£10,000
Contract stamp duty0.5% · Buyer£1,000
Withholding tax (stopaj)2.8% · Seller£5,600

Buyer pays: £29,000
Seller pays: £5,600
Total cost to buyer: £229,000

Source for this rate: Rates for foreign buyers · Taxes for TRNC citizens

This calculation gives general orientation using the published rates. BESTATE PROPERTY can prepare the cost schedule and transaction documents; because duty schedules and exemptions change, confirm the final amount with the relevant authority and, where needed, a qualified accountant or independent lawyer.

Back to the Taxation Guide