Tax Deprtment

Capital Gains Tax

Imposition of capital gains tax
The capital gains tax is imposed on a 20% fixed rate on profit made from the disposal of immovable property in Cyprus or on the sale of shares of companies than own immovable property (subject to provisions of double tax treaties) regardless of the tax residency of a company or an individual.

For the inflation values click here.

Exemptions
Individuals are exempt from profit acquired upon the disposal of immovable property once off in their lifetime, as follows:

€85.430, disposal of a dwelling house (under conditions)
€25.629, disposal of agricultural land by a farmer (under conditions
€17.086, disposal of other property

Non taxable disposals

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Last Update:

12/04/2021 01:29:23 PM

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Immovable Property

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