Capital Gains & Transfer Fees calculators
Capital Gains
Tax Calculator
The calculation of Capital Gains Tax is an approximate indication for information purposes. It does not constitute professional advice.
Exemptions (lifetime allowance)
Individuals are exempt from profit acquired upon the disposal of immovable property once off in their lifetime, as follows:
- €85.430, disposal of a dwelling house (under conditions)
- €25.629, disposal of agricultural land by a farmer (under conditions)
- €17.086, disposal of other property
Non taxable disposals
The following are exempt from capital gains tax:
- transfer in contemplation of death (inheritance succession)
- gift made between spouses, parents to children and relatives within 3rd degree affinity
- gift made to a company whose all shareholders are and continue to be for at least 5 more years, members of the disponer’s family
- gift made from a company whose all shareholders are members of the same family to its shareholders provided that the company acquired the property as a gift
- gift made to charity institutions, to the Republic or to a political party.
- exchange of property provided that the gain is used for the acquisition of another property and the gain is subtracted from the cost of the acquired property and the tax is paid upon the sale (under conditions)
- expropriations of immovable property
transfer in the case of a company’s reorganization - transfer of a missing person\s estate
- transfer of immovable property between individuals whose marriage has been resolved by a court decision
- transfer of immovable property due to loan restructuring (under conditions)
Transfer Fees
Calculator
The above calculation is an approximate indication for information purposes. It does not constitute professional advice.
Calculation Break Downs:
Transfer fees:
Property value (€) %
Up to 85,000 – 3%
85,001 – 170,000 – 5%
Over 170,001 – 8%
Stamp Duty:
Property value (€)%
First 5,000 – 0%
Above 5,000 Up to 170,000 – 0.15%
Over 170,001 – 0.20%
First 5,000 – 0%
Above 5,000 Up to 170,000 – 0.15%
Over 170,001 – 0.20%
The Cyprus Parliament announced the abolishment or reduction of the property transfer fees on the following cases:
- Total exemption from transfer fees, if the transfer relates to a transaction that is subject to VAT
- In case a transaction is not subject to VAT (e.g resale property), the legislation provides an exemption of 50% on the amount of transfer fees. This exemption is taken into account by the calculator.
- In case a property is registered as a sole property in a Company & the transaction involves the purchase of that company/property, then the buyer receives a total exemption from transfer fees.