Capital Gains Tax is levied at 25% on profits arising from the sale of a property.

However, when "foreign" owned property is sold, there are generous allowances and exemptions from the tax. The "gain" also takes inflation into account. Remember to keep evidence of improvements to your property after taking possession of it, such as invoices, as these will be useful when the "gain" is calculated.

Other Links

• Price and payment terms
• Solicitors
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• Specific Performance
• Approval of the Council of Ministers
• Selling your property
• Capital Gains Tax
• Inheritance Tax
• The Cost of Purchasing and On-Going Expenses
• Property Transfer Tax
• Stamp Duty
• On-going expenses
• Local authority tax
• Maintenance charges
• Home insurance
• Living expenses
• Personal taxation
• Retirees
• Income tax and NI