How capital gains tax on property works
- The tax is 20% of the gain on property situated in Cyprus.
- The gain is the sale price less selling costs, the original cost, purchase costs and improvements. The cost can be adjusted for inflation since the purchase.
- From 1 January 2026 each individual has a lifetime exemption of €30,000 (previously €17,086).
- Selling your main residence gives an exemption of up to €150,000 (previously €85,430), if the tax authorities accept it was genuinely your main home. Any lifetime exemption already used reduces it.
- A professional farmer selling agricultural land has an exemption of up to €50,000.
Special exemptions (for example transfers between family members) are not included. Get a valuation and tax advice before you sell.
Frequently asked questions
What is the capital gains tax rate on property in Cyprus?
20% of the taxable gain on property situated in Cyprus, after costs and exemptions.
What are the capital gains tax exemptions in 2026?
From 1 January 2026 each individual has a lifetime exemption of €30,000, the sale of a main residence is exempt up to €150,000 (reduced by any lifetime exemption already used), and a professional farmer selling agricultural land is exempt up to €50,000.
Which costs can I deduct?
Selling costs such as agent and legal fees, the original purchase price, purchase costs and improvements. The cost can be adjusted for inflation since the purchase.
How do I know what my property is worth before selling?
Properway is an RICS regulated valuation firm and can provide an independent market valuation in Nicosia and Larnaca.
Sources: Chambers & Co – CGT exemptions from 1 January 2026 · Cyprus Mail – exemptions extended. Last checked 14 November 2026.