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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