Real Estate Income & Tax in Cyprus: Upcoming course by ELTC & STI Taxand
The taxation of immovable property in Cyprus is becoming increasingly complex, particularly in light of recent legislative developments and evolving international tax standards. To address this, ELTC is offering a focused, practice-oriented course titled “Taxation of Immovable Property under Cyprus Tax Law,” delivered in collaboration with STI Taxand and its experienced team: Christos Theophilou and Costas Savva.
The course will take place on Τhursday, 26 June, from 09:00 to 12:30, and is accredited with 3.5 CPD points.
Designed for professionals working in real estate transactions, structuring, and cross-border property holdings involving Cyprus, the course provides a comprehensive overview of how income and gains from immovable property are taxed under Cyprus law, tax treaties, and relevant EU rules.
Topics include:
- The taxation of capital gains from real estate and from shares in property-rich companies
- The treatment of rental income for both individuals and legal entities
- The impact of recent legislative changes, including the introduction of withholding tax on outbound payments
- The allocation of taxing rights under tax treaties, with reference to Articles 6 and 13 of the OECD and UN Models
- The role of anti-abuse measures, such as General Anti-Avoidance Rules (GAAR), Limitation on Benefits (LOB) clauses, and substance requirements, particularly as they apply to non-resident property owners
As Cyprus continues to attract foreign investment in the property sector, tax professionals face growing pressure to interpret and apply domestic and international rules with precision. From withholding tax and capital gains treatment to treaty interpretation and compliance risks, this course addresses the issues that matter most.
Participants will gain practical insight into:
- How Cyprus currently taxes immovable property and what recent changes mean for clients
- How capital gains rules apply to shares in companies that own real estate
- How to apply treaty provisions on property income and cross-border gains
- How to manage risks arising from anti-abuse clauses and treaty denial mechanisms
This course is aimed at professionals who need a clear and technically grounded understanding of Cyprus’s approach to taxing immovable property, whether advising on acquisitions, managing holding structures, or navigating disposals.
