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Cyprus capital gains tax calculator

The Cyprus property tax calculator is created to provide you with an estimate of your capital tax upon selling a property in Cyprus.

The capital gains tax in Cyprus is set at a fixed rate of 20% on the profit earned from the sale of immovable property. By inputting specific information such as the selling price, purchase cost, additional expenses, and potential allowances, you can obtain an approximate calculation of the applicable capital gains tax for your situation.

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Exemptions (Lifetime Allowance)
Individuals are granted exemptions from paying taxes on the profits earned from
selling immovable property once in their lifetime. The exemptions are as
follows:

  1. €85,430
    for the disposal of a dwelling house (subject to specific conditions).
  2. €25,629
    for the disposal of agricultural land by a farmer (subject to specific
    conditions).
  3. €17,086
    for the disposal of other types of property.

Non-Taxable Disposals Certain
transactions are exempt from capital gains tax:

  1. Transfers
    in contemplation of death (inheritance or succession).
  2. Gifts
    between spouses, parents, children, and relatives within the 3rd degree of
    affinity.
  3. Gifts
    made to a company whose shareholders are all members of the disponer’s
    family and will remain so for at least five more years.
  4. Gifts
    made from a company whose shareholders are all members of the same family
    to its shareholders provided that the property was acquired as a gift.
  5. Gifts
    made to charity institutions, the Republic, or a political party.
  6. Property
    exchange, where the gain is used to acquire another property, and the tax
    is paid upon the sale (subject to certain conditions).
  7. Expropriations
    of immovable property.
  8. Transfers
    in the case of a company’s reorganization.
  9. Transfer
    of a missing person’s estate.
  10. Transfer
    of immovable property between individuals whose marriage has been
    dissolved by a court decision.
  11. Transfer
    of immovable property due to loan restructuring (subject to specific
    conditions).
  12. The capital Gains Tax calculation provided is for informational
    purposes only and is not professional advice. You can consult a tax
    professional for accurate guidance.
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