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Cyprus Capital Gains Tax

 

On gains from disposal of immovable property situated in Cyprus, capital gains tax will be imposed at the rate of 20%. The gain is the difference between the sales proceeds and the original cost of the property. In the case of a property which was purchased before 1/1/1980, the gains are the difference between the sales proceeds and the market value of the property as of 1/1/1980.

The seller is entitled to a further allowance regarding the transfer fees paid, inflation rate per year and the cost of any additions made to the house.

Lifetime exemptions applicable to individuals for gains from the sale of immovable property are as follows:

Gains up to EUR (€)

Any disposal of immovable property.

17.086

Disposal of agricultural land.

25.629

Disposal of private residence.*

85.430
* Under certain conditions.

Cyprus Tax Information

The links below will provide you with more detailed information on the main sections related to the Cyprus taxation.