Tax is only imposed on profits from disposal of:
Any trading profits from the disposal of shares of companies, which own directly or indirectly immovable property in Cyprus, will be subject to CGT in case such profits are exempt under Income Tax Law.
The disposal proceeds subject to CGT, from the sale of shares of companies which hold directly or indirectly property in Cyprus, are restricted to the market value of the immovable property held.
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