Investment in Immovable property Where an investor holds immovable property as investment in a treaty country, the use of a Cyprus offshore company as a conduit to extract the capital gains, is again beneficial where gains from the disposal of shares in companies whose main or sole assets are immovable property are taxable only in the place of residence of the shareholder. Therefore, an investor wishing to acquire immovable property in a treaty country may avoid capital gains tax in that country by setting up a Cyprus offshore company that will hold the shares of a property company in the investment country concerned. Furthermore, the Cyprus offshore company will not be subject to capital gains tax in Cyprus.
| ||||||||||
