Capital gains tax
Capital gains tax is imposed on gains from disposal of immovable property situated in Cyprus including shares of companies not listed on a recognized Stock Exchange which own immovable property situated in Cyprus. With careful planning there are a number of ways to mitigate the rate of tax payable on a capital gain, however, the earlier plans are put in place the better.
We can advise on tax-efficient structures for asset disposals and how you can use the available tax reliefs to minimise and defer tax on gains that are chargeable.
Our services include advising on:
- CGT payable on a disposal;
- advising on the timing of a disposal;
- exemption options available;
- transfer of assets to family members or structures.
- deductions allowed