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.

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.