Speaking about additional fees and charges that incur when buying property in Northern Cyprus they include lawyer’s fees which should be agreed in advance and will range around 1,000 GBP, VAT which is 5% of the property’s value based on the Land Registry Valuation and transfer tax which is 3% of the rateable value of the property (a once in a lifetime given right, usually used in case of the first purchase) or 6%  – the rateable value is almost always considerably less than the purchase price.  Stamp Duty is 0.5% of the contract price if it is paid within a month of signing the contract.

Buying a property:

1) Transfer Fee. The fee is payable to Land Registry Office and is set at 6%. However, every person has a once in a lifetime option to reduce this to 3% if the property's total area is less than 200 m².If a purchaser decides to use this option, he or she will only pay 3%. Once this option right has been used, the transfer fee payable on all future purchases by that person will be 6%. This tax is paid upon Land Registry's valuation of the property purchased. The tax is paid when the title is registered on the name of the purchaser.
2) VAT. This is currently set at 5% and is paid to the Tax Office. This tax is paid upon Land Registry's evaluation of the property purchased. With respect to VAT, the status of the Vendor is important. If the Vendor is a private person who is not deemed to be a 'property professional', then VAT would not normally be levied on the transfer. However, if the Vendor is a TRNC property company then VAT will be due. Note that the tax is paid when the title is registered on the purchaser’s name.
3) Stamp Duty. This tax is paid to the Tax Office. The rate is 0.5% of the contract price provided this is paid within 1 month of the date of the contract. If it is not paid within this time, the rate increases in stages.
4) Other costs:
-Water and Electricity connection fee is around £1,000.
-Solicitor's fee is around £1,000.
-Utility bills: for a standard family (four persons) total of all the local utility bills (electricity, water, telephone, municipal, etc.) is not more than £100 per month. The yearly property tax is around £50.

Selling a property:

Capital Gains Tax Paid by the vendor. The tax rate depends on whether you are a private individual or a professional vendor. Every private individual has a once in a lifetime tax free sale option (for a house and land that is not exceeding 1 donum). Once you’ve used this option, you will not be liable to Capital Gains Tax on that sale. On all following sales, Capital Gains Tax will be payable at 3.5%, if you do not sell more than 3 properties in one year, making you a professional vendor. For professional vendors, there are no tax exemption rights. Capital Gains Tax is payable on every sale at a rate of 6.25%. This tax is paid to the Tax Office. This tax is paid upon Land Registry's valuation of the property purchased. Note that Capital Gains Tax is not payable if you sell the property before taking on the title. The Tax is paid