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Capital Gains Tax

Capital Gains Tax is charged at the rate of 20% on gains arising from the disposal of immovable property located in Cyprus including the profit from the disposal of shares of companies which own immovable property in Cyprus. Gains from the sale of shares listed on a recognised stock exchange are excluded from CGT. However there are a number of disposals that are exempt from CGT.

Individuals are allowed to deduct from their capital gains the following, under certain conditions always:

Type of disposal Amount (€)
Disposal of private residence (under conditions) 85.430
Disposal of agricultural land by a farmer 25.629
Any other disposal 17.086

The above exemptions  are lifetime exemption subject to overall lifetime maximum of € 85.430