Liechtenstein capital gains tax calculator
For a private investor, Liechtenstein charges no capital gains tax on shares, funds, crypto or other valuables: Art. 15(m) and 15(o) of the Tax Act put those gains outside taxable income. The one charge on private wealth is the real-estate gains tax on in-country property, a progressive tariff on the gain plus a 200% surcharge, roughly 3% to 24%.
Work out the real-estate gains tax from a property’s dates and costs, with the recognised investment costs and the Art. 42 tariff applied and shown step by step. Movable disposals are reported at their statutory 0% with the provision named, so a share or crypto sale that owes nothing reads as the law rather than as a broken figure. Enter sales by hand or import your exchange CSVs; everything stays in your browser.
Rates current as of 2026-09-19, from the Fiscal Authority’s Grundstücksgewinnsteuer Merkblatt and the sources each record cites.
Why the zero is real
Why the private investor pays nothing
A share, fund, crypto or valuables sale showing no tax is not a missing rate. Art. 15(m) of the Tax Act (Steuergesetz, SteG) excludes gains from the sale of components of a private individual’s movable and immovable assets from taxable income altogether, and Art. 15(o) excludes gains from the sale, liquidation or unrealised appreciation of interests in legal entities, whether or not they are quoted. There is no rate to apply because the gain never enters the income base.
The Fiscal Authority’s own material reflects that reading: the 2025 individual tax-return guide has monetary rights in cryptocurrencies declared as private wealth and converted into CHF, not as a taxable disposal, and the wealth-and-income pages tax individuals on wealth and income rather than on private capital gains. This page therefore reports a private movable gain as exempt and names the provision, the same way it would report any other statutory relief.
Two limits on the position. It presumes private asset management: business assets and commercial or habitual dealing fall outside the exclusion and are taxed under the ordinary profit rules, so a professional trader cannot rely on the zero. And the exclusion is about capital gains tax, not about every charge on a transaction: the Swiss VAT regime applies in Liechtenstein, and the real-estate gains tax applies to in-country property. What the private investor genuinely does not pay is a capital gains tax on the movable gain itself.
Current rules
The rates behind the number
What a Liechtenstein resident's disposal pays
| Asset | Capital gains tax | Provision |
|---|---|---|
| Listed shares and securities (private wealth) | 0% | Art. 15(o) SteG, interests in legal entities |
| Funds and ETFs (private wealth) | 0% | Art. 15(m) SteG, private movable assets |
| Unlisted shares and stakes (private wealth) | 0% | Art. 15(o) SteG, whether quoted or not |
| Crypto (declared as private wealth) | 0% | Art. 15(m) SteG, private movable assets |
| Other valuables (private wealth) | 0% | Art. 15(m) SteG, private movable assets |
| Real estate in Liechtenstein | Progressive on the gain, roughly 3% to 24% | Art. 42 tariff plus the Art. 43 surcharge |
The real-estate gains tax on the gain: the Art. 42 tariff plus the Art. 43 200% surcharge
| Taxable property gain (CHF) | Art. 42 tariff on the gain | Art. 43 surcharge | Effective rate of the band |
|---|---|---|---|
| Up to 15,855 (basic allowance) | 0 | none | 0% |
| 15,856 – 21,140 | 0.01 x gain - 159 | +200% | 3% |
| 21,141 – 42,280 | 0.03 x gain - 581 | +200% | 9% |
| 42,281 – 73,990 | 0.04 x gain - 1,004 | +200% | 12% |
| 73,991 – 105,700 | 0.05 x gain - 1,744 | +200% | 15% |
| 105,701 – 137,410 | 0.06 x gain - 2,801 | +200% | 18% |
| 137,411 – 169,120 | 0.065 x gain - 3,488 | +200% | 19.5% |
| 169,121 – 211,400 | 0.07 x gain - 4,334 | +200% | 21% |
| Over 211,401 | 0.08 x gain - 6,448 | +200% | 24% |
Rules around the property charge
| Rule | Value |
|---|---|
| What is taxed | The gain on a civil-law or economic transfer of in-country real estate: proceeds including all further benefits less the recognised investment costs (Art. 37 and 38 SteG). The charge is on the gain, not on the property's value |
| Recognised investment costs | Acquisition price, value-enhancing works, acquisition incidental costs, construction-credit interest during the build, sale-related prepayment penalties |
| Not recognised | Routine maintenance and repairs, cleaning and clearance, own work already captured, interest on capital, reserve-fund payments |
| Basic allowance | The first CHF 15,855 of gain; granted to the same taxpayer only once when parcels of the same property, or properties that formed one unit within five years, are sold within five years |
| Losses | A property loss can be set against a later gain on the same property (Art. 40 SteG), with no fixed carryforward period; movable losses give no relief and nothing offsets salary |
| Deferrals (Art. 36 SteG) | Mandatory on inheritance, advance inheritance and gifts and on qualifying land consolidation; on application on restructurings, transfers between spouses living together, marital settlements and the two-year replacement of a permanently owner-used residence |
| Main residence | No blanket exemption exists: the replacement-purchase rule defers the tax rather than exempting the sale |
| VAT (the Swiss regime) | Standard rate 8.1% from 1 January 2024 (7.7% before); registration threshold CHF 100,000 of annual turnover |
Tables are rendered from the source records as of 2026-09-19; the Art. 42 tariff has been valid since 1 June 2013 and is shown with the Art. 43 200% surcharge combined into the effective band rate. The 2027 figures are provisional.
Questions
Liechtenstein capital gains questions
How much is capital gains tax in Liechtenstein?
On private movable assets, nothing. Art. 15(m) of the Tax Act excludes gains on components of private movable assets, and Art. 15(o) excludes gains on the sale, liquidation or unrealised appreciation of interests in legal entities, so a private investor's shares, funds, crypto and valuables pay 0%. The one personal capital gains charge on private wealth is the real-estate gains tax (Grundstücksgewinnsteuer) on in-country property, a progressive tariff on the gain plus a 200% surcharge, roughly 3% to 24%.
Is the 0% on shares and crypto real, or is the calculator missing something?
It is real and it is statutory. Art. 15(m) and 15(o) of the Tax Act put private movable gains and private interests in legal entities outside taxable income altogether, so there is no rate to apply. The LLV's own filing guide has crypto declared as private wealth converted to CHF, not as a taxable gain. The calculator shows an exempt result and names the provision.
How is the real-estate gains tax worked out?
On the gain: the sale proceeds including all further benefits less the recognised investment costs (Art. 37 and 38 SteG). The Art. 42 tariff runs from 0% to 8% on the gain and Art. 43 adds a 200% surcharge on the tariff amount, so the tax payable is three times the tariff. The first CHF 15,855 of gain is the basic allowance.
Does Liechtenstein tax selling my own home?
There is no blanket main-residence exemption. Art. 36 SteG defers the tax when you buy or build an equally used replacement property in Liechtenstein within two years, and the acquirer continues your investment costs, but a sale without replacement is charged like any other property transfer.
Why do private shares, funds and crypto pay no Liechtenstein capital gains tax?
Private movable assets pay nothing. Art. 15(m) of the Tax Act (SteG, LGBl. 2010 Nr. 340, LR 640.0) excludes gains from the sale of components of private movable and immovable assets, and Art. 15(o) excludes gains from the sale, liquidation or unrealised appreciation of interests in legal entities, listed or unlisted. Shares, funds and ETFs, unlisted stakes, crypto and other valuables held as private wealth therefore carry 0% capital gains tax for the private investor. The LLV 2025 tax-return guide declares monetary rights in crypto as private wealth (converted to CHF), not as a taxable disposal gain.
Is the zero a real rate or a gap in the data?
The zero is a statutory exclusion, not a missing rate: the excluded gain is outside the income base, so the calculator reports the disposal as exempt and names the provision rather than showing a broken figure. It presumes private asset management; business assets, commercial or habitual dealing are outside the exclusion and are taxed under the ordinary income/profit rules.
What is the Liechtenstein real-estate gains tax charged on?
Real-estate gains tax (Grundstücksgewinnsteuer) under Art. 35-43 SteG is charged on the profit on a civil-law or economic transfer of in-country real estate. The taxable gain is the sale proceeds including all further benefits (Art. 37) less the recognised investment costs (Art. 38): the charge is on the GAIN, not on the value of the property. The LLV real-estate gains tax page states the tax is payable 'on the profit on the sale and economic change of ownership of real estate located in the country'.
What are the Art. 42 tariff and the Art. 43 surcharge?
Art. 42 tariff, in force since 1 June 2013 (LLV Merkblatt, January 2025): gain up to CHF 15,855 (Grundfreibetrag) 0; 15,856-21,140 0.01x-159; 21,141-42,280 0.03x-581; 42,281-73,990 0.04x-1,004; 73,991-105,700 0.05x-1,744; 105,701-137,410 0.06x-2,801; 137,411-169,120 0.065x-3,488; 169,121-211,400 0.07x-4,334; above 211,401 0.08x-6,448. Art. 43 adds a 200% surcharge (Zuschlag) on the amount so computed, so the tax payable is three times the tariff amount; the Merkblatt's example gives CHF 120,000 x 0.06 = 7,200 - 2,801 = 4,399, surcharge 8,798, total 13,197. This record stores the equivalent marginal bands (0/1/3/4/5/6/6.5/7/8% at those gain edges) in rateSchedule.single and the 200% surcharge in the rates array.
Which property costs count as recognised investment costs?
Art. 38 recognised investment costs: the acquisition price (the predecessor's price where the property came by inheritance or gift), value-enhancing works (new building, conversion, extension and fit-out, architects' and project costs, land readjustment and development costs), acquisition incidental costs (contract drafting, surveying and marking, sale commissions to a third party, land-registry fees), construction-credit interest during the build, and prepayment penalties connected with the sale. NOT deductible: value-maintaining works such as facade renovation, painting, maintenance and repairs; building cleaning and clearance; own work not already captured by acquisition or income tax; interest on own or borrowed capital; and reserve-fund contributions.
How are property losses treated?
Art. 40 losses: losses suffered on the property in prior years, to the extent not covered by insurance, are deducted from the resulting gain. The statute states no fixed carryforward period; the rule is tied to losses on that property in past years. No offset against salary or unrelated private investment gains is provided, and losses on excluded private movable assets give no relief.
When is the Liechtenstein property gains tax deferred?
Art. 36 deferrals: mandatory for transfers by inheritance, advance inheritance or gift and for qualifying land consolidation, readjustment or boundary adjustment; on joint application for tax-neutral restructurings, transfers between spouses living together, marital/support settlements, and the replacement purchase of a permanently and exclusively owner-used house or condominium when the proceeds are reinvested within two years in an equally used replacement property in Liechtenstein. Replacement is a deferral, not an exemption, and the acquirer continues the transferor's investment costs. Art. 42 grants the CHF 15,855 basic allowance to the same taxpayer only once when several parcels of the same property, or properties that formed one unit within the prior five years, are sold within five years.
Where do these Liechtenstein figures come from?
Sources: LLV Fiscal Authority real-estate gains tax page (https://www.llv.li/en/individuals/taxes/real-estate-gains-tax) and the LLV Merkblatt betreffend Grundstücksgewinnsteuer (January 2025, https://www.llv.li/servicekonto/steuerverwaltung/grundstuecksgewinnsteuer-merkblatt.pdf), read with the consolidated Tax Act (https://www.gesetze.li/konso/2010340000). The tariff has been valid from 1 June 2013; no annual revaluation is identified, so the 2021-2026 values are the nominal statutory figures.