Types of documents in north Cyprus
If the property documents are written before 1974, these documents has no problem , but they are few.
In a swap deal, the property owner in Northern Cyprus swaps his property with another property in southern Cyprus. This property is low on the seaside but the property records are secure.
TMD documents are usurped documents that may cause financial damage to property owners in the event of political upheaval and new decisions in the future. It is therefore advisable not to deal with such documents at all.
Payable Taxes on each document
- Document Transfer Tax 3% of selling price
- Added Tax 5% of selling price
- Municipal tax
- Annual property Tax 1 Turkish lira per square meter
The TOURAN GROUP team with over 7 years of experience in selling home in north Cyprus is now ready to offerfreeadvice to you dear costumers according to your property purchase budget to help you choose the best