I would reasonably think such income to be considered as capital gains rather than trading income, unless the person under assessment is daily or almost daily carrying out transactions which is not usually the case. If we then accept such income to be treated as capital gains, then I cannot see how the tax office would deviate from its long standing position that the only tax imposed on capital gains applies to those arising out of the disposal of immovable ( real ) property.︀ So my conclusion is based solely on the basis of the formulation of the character︁ of the Cyprus tax system through the years. I could of course be wrong as︂ my reasoning has more of an assumptive basis rather than anything concrete.
