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Oct 09, 2009

Inheritance tax and law

There are no inheritance taxes in Cyprus.

Donation

Donation Taxes are imposed on the transfer of real estate by donation between family members. The tax is levied on the value at the written deed at varying rates, depending on the relationship between the donor and the beneficiary.


DONATION TAX

RELATIONSHIP TAX RATE
From parents to children: 4%
Between Spouses: 8%
Between third degree relatives: 8%

 Cyprus - more data and information


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