Welcome to the Island
Discover the House of Your Dreams
On Redstone Island, explore a wide range of real estate options to easily find the property of your dreams.
Taxes and Payments in the Real Estate Purchase-Sale Process in the TRNC
Apr 30, 2025
Taxes and Payments in the Real Estate Purchase-Sale Process in the TRNC
Real estate purchase and sale transactions in the Turkish Republic of Northern Cyprus (TRNC) involve certain tax and fee obligations. It is important for investors to understand all their payment obligations correctly in order to manage this process effectively. Here are the main taxes and payments that may be encountered during real estate transactions in the TRNC:
1. Value Added Tax (VAT):
The fixed 5% VAT applied throughout the TRNC is paid after the delivery of real estate projects.
2. Stamp Duty Tax:
The stamp duty tax rate is 0.5%, and payment must be made for the validity of the relevant contract.
3. Title Deed Fee:
For Citizens of the TRNC and Recognizing Country (Turkey):
For first-time investors: 6%
For second-time investors: 9%
For third-time investors: 12%
Part of the title deed fee is paid during the registration of the contract, while the remaining part is collected during the transfer of the title deed.
For Citizens of Other Countries (Not Recognizing the TRNC):
The title transfer fee rate has been set at 12%.
Important Notes:
Citizens of the TRNC are not subject to any purchase limitations.
For citizens of recognizing countries (Turkey), the right to purchase is limited to 3 units.
For citizens of other countries (those not recognizing the TRNC), the right to purchase is limited to only 1 unit.
4. Transformer Fee:
Transformer fees vary from project to project and generally range from £1,500 to £4,000. The transformer fee for each project is different.
5. Legal Fee:
It is mandatory to work with a lawyer to ensure the legal security of real estate transactions in the TRNC. Legal fees range from £2,000 to £2,750.
6. Severance Tax:
The severance tax is only valid in the Iskele region, and the fixed prices are as follows:
1+0 Apartment Type: £750
1+1 Apartment Type: £850
2+1 Apartment Type: £1,000
3+1 Apartment Type and Above: £1,500
The taxes and payments mentioned above are of critical importance for investors managing the real estate purchase and sale process in the TRNC. Being informed about any payment obligations that may be encountered during this process will allow you to complete it quickly and accurately.
For more, you can contact our expert team. Our professional consultancy service is here to guide you at every step and to fulfill all legal requirements.
Life Starts Here!
Are you dreaming of a cozy mountain cabin for a small weekend getaway, a stylish city apartment with all the amenities, or an adventure-filled escape in the heart of nature? Explore vacation rental options beyond all these dreams with Redstone Islands.
The Closest Luxury Real Estate Opportunities!
Explore the most prestigious and profitable luxury real estate projects around you with Redstone Islands. You are in the right place to step into a new lifestyle or invest in your future.
Frequently Asked Questions
1. How can I contact Redstone Island?
2. How does the real estate purchase process work in Northern Cyprus?
3. Can foreigners buy property in Northern Cyprus?
4. What taxes and expenses are involved in real estate purchases in Northern Cyprus?
5. Are real estate properties in Northern Cyprus advantageous in terms of rental income?
6. Can I obtain a residence permit after purchasing property in Northern Cyprus?
7. What are the legal processes in Northern Cyprus when purchasing property?
8. Can I use a loan when purchasing property in Northern Cyprus?
1. How can I contact Redstone Island?
2. How does the real estate purchase process work in Northern Cyprus?
3. Can foreigners buy property in Northern Cyprus?
4. What taxes and expenses are involved in real estate purchases in Northern Cyprus?
5. Are real estate properties in Northern Cyprus advantageous in terms of rental income?
6. Can I obtain a residence permit after purchasing property in Northern Cyprus?
7. What are the legal processes in Northern Cyprus when purchasing property?
8. Can I use a loan when purchasing property in Northern Cyprus?
Welcome to Redstone Island
Discover the House of Your Dreams
On Redstone Island, explore a wide range of real estate options to easily find the property of your dreams.
Taxes and Payments in the Real Estate Purchase-Sale Process in the TRNC
Apr 30, 2025
Taxes and Payments in the Real Estate Purchase-Sale Process in the TRNC
Real estate purchase and sale transactions in the Turkish Republic of Northern Cyprus (TRNC) involve certain tax and fee obligations. It is important for investors to understand all their payment obligations correctly in order to manage this process effectively. Here are the main taxes and payments that may be encountered during real estate transactions in the TRNC:
1. Value Added Tax (VAT):
The fixed 5% VAT applied throughout the TRNC is paid after the delivery of real estate projects.
2. Stamp Duty Tax:
The stamp duty tax rate is 0.5%, and payment must be made for the validity of the relevant contract.
3. Title Deed Fee:
For Citizens of the TRNC and Recognizing Country (Turkey):
For first-time investors: 6%
For second-time investors: 9%
For third-time investors: 12%
Part of the title deed fee is paid during the registration of the contract, while the remaining part is collected during the transfer of the title deed.
For Citizens of Other Countries (Not Recognizing the TRNC):
The title transfer fee rate has been set at 12%.
Important Notes:
Citizens of the TRNC are not subject to any purchase limitations.
For citizens of recognizing countries (Turkey), the right to purchase is limited to 3 units.
For citizens of other countries (those not recognizing the TRNC), the right to purchase is limited to only 1 unit.
4. Transformer Fee:
Transformer fees vary from project to project and generally range from £1,500 to £4,000. The transformer fee for each project is different.
5. Legal Fee:
It is mandatory to work with a lawyer to ensure the legal security of real estate transactions in the TRNC. Legal fees range from £2,000 to £2,750.
6. Severance Tax:
The severance tax is only valid in the Iskele region, and the fixed prices are as follows:
1+0 Apartment Type: £750
1+1 Apartment Type: £850
2+1 Apartment Type: £1,000
3+1 Apartment Type and Above: £1,500
The taxes and payments mentioned above are of critical importance for investors managing the real estate purchase and sale process in the TRNC. Being informed about any payment obligations that may be encountered during this process will allow you to complete it quickly and accurately.
For more, you can contact our expert team. Our professional consultancy service is here to guide you at every step and to fulfill all legal requirements.
The Address of Investment in Cyprus
Discover the Difference of Redstone Island
Customer-Oriented Service and After-Sales Support
Providing comprehensive support before and after sales, developing tailored solutions for customer needs at every step.
Profitability and Investment Benefits
The high premium potential in the Cyprus market and advantageous pricing policies create attractive opportunities for investors.
Modern Digital and Technological Infrastructure
The user-friendly online platform and digital tools provide quick access to real estate listings and detailed information.
Reliable and Transparent Transaction Processes
Transparency and security are prioritized in transactions, and great care is taken to establish long-term relationships based on customer satisfaction.
Expert and Experienced Real Estate Consultants
Thanks to its expert team in the field, it provides reliable consulting services by offering professional guidance to customers in making the right investment and living space choices.
Wide Portfolio and Variety of Options
It provides a wide variety of real estate options in areas such as Kyrenia, Nicosia, Famagusta, Iskele, Güzelyurt, and Lefke, offering solutions suitable for every budget and need.
Life Starts Here!
Are you dreaming of a cozy mountain cabin for a small weekend getaway, a chic city apartment with all its privileges, or an adventure-filled escape in the heart of nature? Discover vacation rental options beyond all these dreams with Redstone Island.
The Closest Luxury Real Estate Opportunities!
Explore the most prestigious and profitable luxury real estate projects around you with Redstone Islands. You are in the right place to step into a new lifestyle or invest in your future.
Frequently Asked Questions
1. How can I contact Redstone Island?
2. How does the real estate purchase process work in Northern Cyprus?
3. Can foreigners buy property in Northern Cyprus?
4. What taxes and expenses are involved in real estate purchases in Northern Cyprus?
5. Are real estate properties in Northern Cyprus advantageous in terms of rental income?
6. Can I obtain a residence permit after purchasing property in Northern Cyprus?
7. What are the legal processes in Northern Cyprus when purchasing property?
8. Can I use a loan when purchasing property in Northern Cyprus?
The Address of Investment in Cyprus
Discover the Difference of Redstone Island
Customer-Oriented Service and After-Sales Support
Providing comprehensive support before and after sales, developing tailored solutions for customer needs at every step.
Profitability and Investment Benefits
The high premium potential in the Cyprus market and advantageous pricing policies create attractive opportunities for investors.
Modern Digital and Technological Infrastructure
The user-friendly online platform and digital tools provide quick access to real estate listings and detailed information.
Reliable and Transparent Transaction Processes
Transparency and security are prioritized in transactions, and great care is taken to establish long-term relationships based on customer satisfaction.
Expert and Experienced Real Estate Consultants
Thanks to its expert team in the field, it provides reliable consulting services by offering professional guidance to customers in making the right investment and living space choices.
Wide Portfolio and Variety of Options
It provides a wide variety of real estate options in areas such as Kyrenia, Nicosia, Famagusta, Iskele, Güzelyurt, and Lefke, offering solutions suitable for every budget and need.