Georgia capital gains tax calculator

A resident individual pays 20% on the surplus from supplying an asset (Tax Code article 81(1)), or 5% for a residential apartment (house) with the land attached and for a vehicle (article 81(3)). The surplus is the supply price less the purchase price at the creation of title. Most gains are exempt: an asset owned for more than two years, a home owned for more than two years, and a vehicle owned for more than six months after registration of title (article 82(1)(f)).

No, provided you did not use them for economic activity. The surplus from supplying an asset owned for more than two years is exempt (article 82(1)(f.c)), and merely holding shares or securities to receive dividends or interest is not economic use (the note to article 82(1)(f)). The exemption holds from the day after the second anniversary, because the statute says more than two years.

A loss offsets only the surplus from the sale of an asset of the same type during the same tax year, and Georgia does not carry an individual capital loss forward to the next year (article 121(2)). There is no cross-type netting, so a loss on unlisted shares cannot reduce a tax bill on listed shares or crypto.

Georgia's tax year is the calendar year, 1 January to 31 December 2026. A resident natural person's taxable income is taxed at the general 20% rate (Tax Code article 81(1)); the surplus from the supply of a residential apartment (house) with the land attached, and from the supply of a vehicle, is taxed at the reduced 5% rate (article 81(3)). The surplus is the supply price less the purchase price at the creation of title, or less the market value at gratuitous receipt (article 82(4)(b)). Source: https://matsne.gov.ge/en/document/view/1043717?publication=245

Holding-period exemptions (article 82(1)(f)): the surplus from the sale of a residential apartment (house) along with the land attached to it owned for MORE than two years is exempt (f.a); the surplus from the sale of a vehicle owned for MORE than six months after registration of title is exempt (f.b); and the surplus from the supply of assets owned for MORE than two years is exempt (f.c). 'More than' is the statute's wording, so an exact second anniversary or six-month anniversary is not enough: the exemption holds from the day after it. The two-year term runs from the date the title certificate is prepared for registration, or from the creation of title where it is not registered (article 82(4)(a)); the moment of supply is the date the transfer registration document is prepared, or the transfer of ownership where not registered (article 82(4)(a2)). For the two-year test, the ownership term of a first-line heir and of the testator or donor is aggregated (article 82(4)(a1)).

Securities: a listed or unlisted shareholding held for more than two years and not used in economic activity is exempt under article 82(1)(f.c). The note to article 82(1)(f) states that the mere holding of securities or shares for receiving a dividend or interest is not the use of assets for economic activity, and that economic use is disregarded if two years passed from the moment it ended until the supply. The earlier exemption for the surplus from securities issued by an international financial company (former article 82(1)(o)) was deleted by Law of Georgia No 4906 of 28 June 2019; the securities-specific exemptions now in article 82(1)(t1) to (t3) are for resident legal persons, not natural persons. Source: https://matsne.gov.ge/en/document/view/1043717?publication=245

The article 82(1)(f.c) two-year exemption does not apply where the transferor used the asset for economic activity before the supply, so an asset used in a business (including an entrepreneur natural person's business asset) is taxable at 20% even after two years. The 5% residential and vehicle rates in article 81(3) attach to the supply of those assets; their exemptions in article 82(1)(f.a) and (f.b) are holding-period tests and carry no economic-activity condition.

Crypto: the Tax Code has no dedicated crypto or virtual-asset provision. This calculator treats a private individual's disposal as the supply of an asset under the general framework: 20% on the surplus (article 81(1)) unless the asset was owned for more than two years and not used in economic activity, when the article 82(1)(f.c) exemption applies. The world manifest's line that personal crypto trading is exempt has no statutory basis in the Tax Code at capture date, so the conservative asset reading is applied. Source: {STATUTE}

Losses: a natural person's loss on the sale of an asset is compensated by the surplus from the sale of an asset of the SAME TYPE during the same tax year; a loss that cannot be compensated in that year is NOT carried forward to the next year (article 121(2); for an entrepreneur natural person's non-business asset, article 121(1)). Georgia has no individual capital-loss carryforward, and a loss never offsets income of another type. The tax code does not define the 'same type' taxonomy; this calculator keeps each card's class as its own pool. Source: {STATUTE}

Filing and payment: a resident natural person whose income is not taxed at a Georgian source files an income tax return by 1 April of the year following the reporting year (article 153(1)(a)); the Revenue Service states that the 20% tax on a natural person's taxable asset surplus is due with that return. Where a natural person gains a surplus from supplying property or assets within non-commercial business activity, the return is monthly, by the 15th day of the month following the accounting month (article 153(12)). Exempt outright: the surplus from the sale of government, National Bank of Georgia, Deposit Insurance Agency and international financial institution debt securities (article 82(1)(t)), and income of a resident natural person that is not Georgian-source income (article 82(1)(u)).