Capital Gains Tax – Iceland

All types of capital gains taxed at uniform 22%: stocks, bonds, cryptocurrency, real estate (if sold before 2 years), dividends, interest.

First 300,000 króna profit from interest, dividends and stock sales on regulated markets exempt. Applied once per year per person.

Profit from crypto sales taxed at 22%. Included in general 300,000 króna limit. All transactions (crypto-fiat, crypto-crypto) are taxable events.

Dividends taxed at 22% as capital gains. First 300,000 króna combined with interest exempt. Withheld at source.

Renting up to 2 residential properties: 25% of income automatically exempt without deductions. Remaining 75% taxed at 22%. Simple scheme.

Profit from property sale taxed at 22%. Profit = sale price - purchase price - improvements. Primary residence may have benefits.

When buying property, stamp duty 0.8% of cadastral value. For first purchase — 0.4%. Not profit tax but transaction fee.

Companies can fully deduct profit from selling Icelandic company shares. For foreign — if profit taxed abroad at rate no lower than OECD. Encourages reinvestment.

Stock sale losses by companies not carried forward. Can offset only against stock profits in same year. Planning limitation.

Dividends between companies may be exempt under certain participation conditions. Depends on ownership share and holding structure.