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All it needs Ltd.
 
 

 

Capital Gains tax

 

RATE ON GAINS

The gain that arises after deducting from the sale price the value of the property at 1.1.1980 or its cost of acquisition, if the land was purchased after 1.1.1980, as adjusted with the cost of living index is taxed at the rate of 20%. The gain is further reduced by other direct costs such as agent's commissions.

Exemptions - Given only once  
Disposal of any property
Disposal of agricultural land
Disposal of main residence (with conditions)		 £10000
£15000
£50000

All gains on property situated outside Cyprus is totally exempt