Capital Gains Tax

• Τhe net profit from the disposal of immovable property is estimated by deducting from the disposal price the market value as at 1.1.1980 or the purchase cost if the immovable property was built after 1.1.1980, as adjusted for inflation based on the Retail price indexes and is taxed at 20%.

Exemptions:	Profit €
On the disposal of any property	17.086
On the disposal of agricultural land	25.629
On the disposal of a residence (under presumptions)	85.430



• The above exemptions are given only once and not every disposal.
• An individual claiming a combination of the above is only allowed a maximum exemption of €85.430.

Special Defence Contributions