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Amendments to the Capital Gains Tax Law

Amendments to the Capital Gains Tax Law

The Cyprus Capital Gains Tax Law has been amended to clarify that the disposal of property does not include the donation of immovable property to a political party.

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The Cyprus  Capital Gains Tax Law has been amended to clarify that the disposal of property does not include the donation of immovable property to a political party.

The amendments further clarify that the term “political party” is defined in accordance with the provisions of the Political Parties Law and is registered with the relevant body of the Central Elections Service of the Cyprus Ministry of Interior.

The new provisions apply as of 30/7/2018.

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