apital Gains Tax is charged at the rate of 20% on gains arising from the disposal of immovable property located in Cyprus including the profit from the disposal of shares of companies which own immovable property in Cyprus. Gains from the sale of shares listed on a recognised stock exchange are excluded from CGT. However there are a number of disposals that are exempt from CGT.

Individuals are allowed to deduct from their capital gains the following, under certain conditions always: