Capital gains tax calculator for Cyprus
When you sell property in Cyprus, or shares in a company that owns Cyprus property, the gain pays capital gains tax.
Enter the sale price, the inflation-adjusted cost and the exemption that applies to you.
How it's calculated
- The gain is the sale price minus the acquisition cost and selling costs. Cost and improvements are adjusted for inflation with the Consumer Price Index.
- Each individual has a lifetime exemption: €30,000 in general, €50,000 for farmland sold by a farmer, or €150,000 for a main residence. You get only one, the larger.
- The gain above the exemption pays 20%.
An example
You sell for €300,000 a property with an adjusted cost of €200,000 and €10,000 of costs. The gain is €90,000. After the €30,000 general exemption, €60,000 is taxed and the tax is €12,000.
Frequently asked questions
When does the main residence exemption apply?
When you lived there for at least five years and the plot is up to one and a half decares. A second home sale needs ten years. It doesn't apply if you sell more than a year after you stopped living there.
Are listed shares taxed?
No. Gains on shares listed on a regulated market of a recognised stock exchange are not taxed.
How is the cost adjusted?
With the Consumer Price Index from purchase to sale. You can estimate it with the inflation calculator. For property held before 1980, the cost is its value on 1 January 1980.
Key terms
- Exemption
- Gain that isn't taxed. Whatever you use is gone for later sales.
Up-to-date official data
Data checked against the official source on .
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