This guide is written for landlords, estate agents and property investors. Rules change regularly and individual circumstances vary, so speak to a Tsquared accountant before acting. We regularly help clients with rental income tax and special defence contribution, capital gains tax on disposals, vat on new builds vs. resales.
Key points
- No national property tax since 2017
- Municipal refuse and sewerage fees
- Check title deed status
- Keep records for resale
Challenges you face, solutions we provide
Challenge: Rental income tax and Special Defence Contribution
Our solution: Rental accounts prepared and annual TD1 returns filed with every allowance claimed
Challenge: Capital gains tax on disposals
Our solution: CGT computations with inflation indexation and lifetime exemptions applied before you sell
Challenge: VAT on new builds vs. resales
Our solution: Correct VAT treatment confirmed before completion, including the 5% reduced rate
Challenge: Short-let (Airbnb) reporting
Our solution: Tourism registration, platform income tracking and VAT thresholds monitored for you
Challenge: Agency commission accounting
Our solution: Clean commission bookkeeping with client-money reconciliations and VAT returns
Frequently asked questions
- Annual property-related taxes: what's the short answer?
- Cyprus abolished annual immovable property tax in 2017, but owners still pay municipal and sewerage fees and must keep title deeds and records in order.
- Can Tsquared help with annual property-related taxes?
- Yes. We advise landlords, estate agents and property investors in Cyprus on annual property-related taxes and handle the filings for you.