Death

In Tibia, you die when your HP runs out. Not everything is lost though. The Gods will grant you another chance for a small sacrifice and you can be revived in your hometown's temple.

Skill and Experience Loss

 * From Level 1-24 a player will lose 10% of his experience points, skill tries and spent mana.
 * From Level 25 and above a player will lose $$((plevel+plevelpercent)-(50+plevel)/100)*100/pexperience$$ % of his experience points, skill tries and spent mana.

Where plevel: player's current level Where plevelpercent: player's adquired level % Where pexperience: player's current experience

You can still make your Skill and Experience loss get lower by buying a promotion and blesses. By buying a promotion your lose will decrease in 30% and each bless will decrease it by 8%.

Where npenalty: $$((plevel+plevelpercent)-(50+plevel)/100)*100/pexperience$$ for players with level 25 and above, and $$10$$ for players with level lower or equal to 24

Amulet of Loss
You can use an Amulet of Loss to avoid dropping Equipment, but you will still lose Exp/skills.

Red Skull
If you have a Red Skull, everything you wear will be lost upon a death - even if you have an Aol and/or all Blessings.