Navigation path

Generic Tax Name Capital tax - Capital gains tax
Tax name in the national language Φόρος Κεφαλαιουχικών Κερδών
Tax name in English Capital gains tax
Member State CY-Cyprus
Tax in force since 1980/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

Law No 52/1980 as amended

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by


Geographical Scope

Republic of Cyprus


The individual or legal person that sells immovable property or shares  of a company holding immovable property, provided that such a transaction is not done in the normal course of business.

Tax object and basis of assessment

The capital profit from disposal of immovable property situated in Cyprus, or shares of a company holding immovable property, which are not listed in any stock market, provided that such a transaction is not done in the normal course of business.


The tax is imposed in the net profit from the disposal. The net profit is calculated as the disposal proceeds less the greater of the cost or market value as at 1st January 1980 as adjusted for inflation.  Inflator is calculated using the official Retail Price Index.

Deductions, Allowances, Credits, Exemptions
Rate(s) Structure

20% on the net profit from disposal.

Tax due date

On the date of sale.

Tax collector

Tax Department

Special features

Lifetime exemptions for individuals:
1.    For sale of own residence: €85,430.07
2.    For sale of agricultural land by a farmer: €25,629.02
3.    For other sales: €17,086.01

Economic function

Environmental taxes

Tax revenue
ESA95 code d51c1a

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 54.43 EUR 0.28
2011 70.80 EUR 0.36
2010 86.00 EUR 0.45
2009 74.30 EUR 0.40
2008 304.50 EUR 1.62
2007 471.80 EUR 2.70
2006 199.80 EUR 1.24
2005 99.20 EUR 0.66
2004 91.50 EUR 0.66
2003 75.10 EUR 0.59
2002 46.40 EUR 0.39
2001 37.00 EUR 0.32
2000 49.20 EUR 0.46