Tax Consulting

Purchasing and owning real estate abroad can give rise to tax obligations in both the country where the property is located and the owner’s country of tax residency. Proper planning helps you estimate costs in advance, avoid violations, and choose the optimal ownership structure.

We assist in arranging consultations with tax specialists for buyers and property owners in Cyprus and Greece. Recommendations are tailored to each client’s individual situation, taking into account their status, the purpose of the purchase, and how the property will be used.

Taxes When Buying Real Estate

Before closing a deal, it is important to understand the total cost of the purchase. In addition to the property price, the buyer may be required to pay taxes, government fees, registration fees, and legal and notary fees.

The amount and structure of these payments depend on the country, the property’s value, its type, whether it is new construction or existing real estate, and other factors.

Tax consulting helps you calculate approximate costs in advance and avoid situations where the actual budget for the transaction significantly exceeds the planned one.

Taxation of Property Owners

After registering ownership, regular tax and financial obligations may arise. The owner must take into account local taxes, municipal fees, maintenance costs, and any obligations to report the asset.

A specialist can help determine which payments may apply to a specific property and by when they must be paid.

Taxes on Rental Income

If an apartment, house, or villa is rented out, the income received may be subject to taxation. The rules may differ for short-term and long-term rentals, as well as for individuals and companies.

During a consultation, you can obtain information regarding:

• reporting rental income;
• allowable expenses that can be deducted from taxable income;
• the specifics of short-term rentals;
• taxation of non-residents;
• tax reporting;
• the possible application of international treaties.

Advance planning helps ensure an accurate calculation of the net return on investment property.

Legal Tax Optimization

Tax optimization involves choosing a lawful and well-founded method of owning and using real estate. For one buyer, the optimal approach may be to register the property in the name of an individual; for another, it may be to purchase it through a legal entity.

The analysis takes into account the purpose of the purchase, the planned holding period, the possibility of renting it out, resale, inheritance, and the owner’s tax residency.

Any decisions should be made only after an individual consultation with a qualified tax specialist.

Consultations for Property Owners in Cyprus and Greece

Tax rules are subject to change, and their application depends on specific circumstances. Therefore, general information cannot replace a personalized analysis of your situation.

We can help arrange a consultation with a tax specialist, prepare the necessary information, and get answers to questions related to the purchase, ownership, rental, or sale of real estate.

Contact us to receive professional tax advice regarding real estate in Cyprus or Greece and to plan your expenses and tax obligations in advance.

Buying real estate abroad is a significant undertaking that involves not only selecting a property but also addressing financial, legal, and technical matters. We offer a comprehensive range of services designed to make the process of purchasing real estate in Cyprus and Greece as straightforward, secure, and hassle-free as possible.

Our specialists guide clients through all key stages—from the initial consultation to the completion of the transaction. We help you find the optimal financial solution, arrange legal support, conduct a technical inspection of the property, and obtain professional tax advice.

Each service can be provided individually or as part of a comprehensive support package. Whether you’re just starting your property search or have already selected a specific property, we’ll help you minimize risks, save time, and make an informed decision.

Review the list of our services below and choose the support option that best suits your needs. If you have any questions, we’re always ready to advise you and assist you at every stage of your real estate purchase.