Michalis Parides
Article 5(3) of the Capital Gains Tax Law 52/80, as amended, which provides for the exemption from capital gains tax for the disposal of securities which are listed on a recognized Stock Exchange, also applies in the following cases:
1. Disposal of units in an alternative investment fund whose establishment and operation are governed by the Alternative Investment Funds Law 124(l)/2018, and which are listed on a recognized Stock Exchange.
2. Disposal of units in an open-ended undertaking for collective investment whose establishment and operation are governed by the Open-Ended Undertakings for Collective Investment Law 78(l)/2012, as amended, and which are listed on a recognized Stock Exchange.
* This publication has been prepared as a general guide and for information purposes only. It does not purport to be comprehensive or to render legal advice.
