The article "How and when should you transfer property ownership to your children?" explores key legal and practical considerations involved in gifting immovable property during one's lifetime in Cyprus. It highlights the benefits of early transfer—such as peace of mind, probate avoidance, and favourable tax treatment—while also addressing potential pitfalls including loss of control, family disputes, and inheritance complexities. Written by Annabelle Antoniades and Katerina Krassa, the article also examines the use of usufruct rights, Cyprus international trusts, and the relevance of EU Succession Regulation 650/2012 for international families.
The article was published in the July 2025 edition of Gold Magazine.
To read the full article, please visit Gold Magazine
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
