The purchaser is liable for Stamp Duty. This is charged at the rate of CYP 1.50 per thousand up to the value of CYP 100,000 and thereafter at the rate of CYP 2.00 per thousand. This duty should be paid within 30 days of signing the contract and your solicitor or the property developer will help you deal with it.

Example: Purchase price of property CYP 155,000

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