What to do if a real estate purchase agreement is registered only with the tax office?

Starting from May 21, 2024, following the enactment of the law "On Real Estate Acquisition by Foreign Citizens," the following steps must be observed.

What to do after registering the agreement with the tax office?

If the real estate purchase agreement is registered only with the tax office, it must be registered with the Land Registry by November 21, 2024.

Failure to register on time may result in a fine of 1% of the property's value.

Frequently Asked Questions

What is the order of tax payments for real estate purchases?

First, stamp duty and land registry fees are paid, followed by VAT, and then the title transfer fee. Details can be found in our guide on real estate purchase taxes.

Where can I find the contact information for the tax offices of Northern Cyprus?

On this page, you will find general information about the TRNC tax service, including contacts for all regional offices.

Who is eligible to conduct real estate transactions in Northern Cyprus?

According to the new law, real estate transactions can only be conducted by companies that are members of the Northern Cyprus Realtors Association. Learn more about the law.