The tax is imposed on the net profit from disposal at the rate of 20%.
The net profit is calculated as: the disposal precedent less the greater of the cost or market value on 1 January 1980 adjusted by inflation. The Inflation is calculated by using the official Retail Price Index. The index on 1 January 1980 was 34,96 (base year 2005).
For more detailed information about Capital Gains Tax, please either scroll up or down this page (quicker) or click below to go to the relevant section:
Tax Charge | Profit Determination | Exemptions | Individuals' Lifetime Exemptions
For more detailed information about the Tax Law - Tax Facts, please either use the main menu on the left or click below to go to the relevant section (quicker):
Income Tax | Defence Fund Contribution | Social Cohesion Fund | Social Insurance | Capital Gains Tax | Immovable Property Tax | Stamp Duty | Stock Exchange Special Levy | Value Added Tax | Ship Management Services | Shipping | Double Taxation Agreements | Tax Calendar