Capital Gains Tax

Capital gains Tax is charged at a rate of 20%, on profits from the disposal of:

  • Immovable property situated in Cyprus,
  • Shares of companies with property situated in Cyprus,
  • Shares of companies which either directly or indirectly participate in a company or companies which own immovable property situated in Cyprus and at least 50% of the market value of such shares is derived from the relevant property.

Profit deriving from the disposal of shares listed in the Stock Exchange are exempt from Capital Gains Tax.


  • Transfer by reason of death,
  • Gifts to relatives up to third degree of kindred,
  • Gift to a company of which the shareholders are and continue to be members of the disposer’s family for five years after such gift,
  • Gift by a company, of which all the shareholders are members of the same family, to any of its shareholders when the property gifted was also acquired by the company by way of a gift. The property must remain in the hands of the donee for a period of at least three years,
  • Gifts to the Republic or to a local authority for educational or charitable purposes or to approved charitable entities,
  • Exchange of properties where the values of the properties being exchanged are equal,
  • Gains from the transfer of property or shares in the course of an approved company reorganization.

Lifetime Exemptions for Individuals

 For sale of own residence 85.430
 For sale of agricultural land by a farmer 25.629
 For any other sales 17.086

The combination of the above exemptions cannot exceed €85.430 per individual