Cyprus has new rules for property tax. These rules help the property market. They also help the country's money.
The new rules are for selling property. They are also for swapping property. And for selling company parts.
You can pay less tax now. For selling property or company parts, you pay no tax on €30,000. Farmers selling land pay no tax on €50,000. If you sell your main home, you pay no tax on €150,000. This is a big change.
You can swap homes and pay tax later. This makes moving easier.
These tax-free amounts are for your life. Using some means less for your home. The main home rule is good until 2030.
The government also helps with loans. This is for homes with problems before 2020.
These changes will make business good. Cyprus wants more money and new investors. Property owners will save money.