CYPRUS CAPITAL GAINS TAX
Capital Gain Tax is a special tax calculated on the gain from the disposal of the immovable property situated in Cyprus. The tax rate is a flat rate of 20%
For the calculation of gain on disposal, you need to take into consideration the following facts.
- Selling price
- Cost of acquisition and any related expenses
- Indexation Allowance
The gain from the sale of shares in Cyprus companies owning immovable property is also subjected to capital gains tax.
Disclaimer: The information provided in this article is for general awareness and is not intended to be and do not constitute a professional advice.