Real Estate Transactions in Famagusta
Real estate accounting in Cyprus involves specialist knowledge of immovable property tax rules, transfer fees, VAT on new-build property, capital gains on Cyprus real estate (20%), Land Registry procedures, and IFRS investment property accounting. Property developers, investors, and REIT-style structures benefit from specialist rather than general accounting advice.
Cyprus real estate tax landscape
Cyprus real estate transactions involve multiple tax layers: transfer fees on property purchases (progressive 3-8%, with 50% discount for VAT-paid new-build); VAT on new-build residential property (19%, with reduced 5% rate for main residence up to 200sqm); capital gains tax on disposal of Cyprus-situated immovable property (20% on the gain); Local Immovable Property Tax (abolished 2017 for annual, but transaction-level charges remain); and rental income taxed under normal income tax rules.
Real estate holding structures range from direct ownership to Cyprus companies, partnerships, and specialist REIT-type vehicles.
Firms specialising in Real Estate Transactions
8 firmsMulti-practitioner firms with documented practice in Real Estate Transactions, ranked by claim status, listing completeness, and client rating.
Cyprus law firm with 7 advocates.
Cyprus law firm with 5 advocates.
Cyprus law firm.
Cyprus law firm.
Y. Vasiliou & Co LLC (Vasiliou Law) is a multidisciplinary law firm headquartered in Larnaca, Cyprus, offering legal services in corporate and commercial law, immigration, litigation, banking, property, tax, insurance, and investment funds. The firm serves a diverse clientele ranging from private individuals to global organizations and is the exclusive Cyprus member of the International Commercial Law Alliance (ICLA).
Cyprus law firm.
Cyprus law firm.
Cyprus law firm.
🎯 Firms are ranked by claim status, listing completeness, and client ratings. Firms that have claimed their listing and provided detailed information rank higher. Claim your firm's listing →
Frequently asked questions
Do all Cyprus accountants handle real estate?
Most Cyprus accountants can handle basic real estate transactions and rental income compliance. For property developers, investment portfolios, or structured real estate holdings, firms with specific real estate practice depth deliver better outcomes than generalists.