Land Registry Fees
The transfer fees are:
Value of Land € | Rate % | Fees € | Cumulative Fees € |
---|---|---|---|
0 – 85.000 | 3 | 2.550 | 2.550 |
85.001 – 170.000 | 5 | 4.250 | 6.800 |
Over 170.000 | 8 |
Transfer of immovable property which subject to VAT during the period between 1 December 2011 to 31 December 2016 are exempt from transfer fees.
Transfer fees for Immovable property which is not subject to VAT, are reduced by 50% if:
- The purchase agreement was signed and submitted to the Department of Land and Surveys between the period of 2 December 2011 to 31 December 2016, irrespective of the transfer date, or
- The actual transfer of the immovable property takes place by 31 December 2016 irrespective of the date of the signing of the contract or submission to the Department of Land and Surveys.