Capital Gains Tax

Capital Gains Tax (CGT) rate is 20% and applies only to immovable properties situated in Cyprus. CGT is calculated after deducting inflation and expenses related to acquisition and sale of property.


  • Gifts from relatives up to third degree
  • Transfer due to death
  • Lifetime exemptions
    • Private principal residence €85,430
    • Agricultural land €25,629
    • Other €17,086
  • Gift by a company where the shareholders are and continue to be members of the disposer’s family (up to third degree) for at least the next five years
  • Approved re-organisations

Capital losses can be carried forward to be set off against other CGT.