rgray27
Scottish looking for information about Cyprus
Forum posts
16
About me
Scottish
Registration: 06 February 2024
Activity
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 Hi - my understanding is that regarding pension income you can elect for either the flat 5% or using the personal allowance (20,500 euros I think) and the prevailing tax rates in any tax year, and you can switch year on year. You can ... Read More
Golf courses in Cyprus by Huckleberry2025
Hi everyone. We are considering a move to Cyprus and golf is a must-have, along with the sea and fantastic food. Is there much of a golfing life? If so, do you recommend a specific area for us to check out? We live in Spain now so it's an easy hop ...
@Huckleberry2025 Hi. Paphos has 4 courses - Elea, Secret Valley, Aphrodite Hills & Menthis Hills. All are good with a variety of memberships available. Check out their websites. Read More
Uk and Cyprus tax advisor by Neptune3
Hello.Does anybody have a recommendation for a tax advisor who is knowledgeable about both the UK and Cyprus tax systems?It would be good to have one person who can help us convert from UK to Cyprus tax systems for our pensions and also help on tax ...
@Gordon76 Hi - I use them for my property purchase. They were very good although one of the more expensive in the market. I'm not using them for immigration as there are cheaper options available. Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 Hi. I've not heard any advisor raising this as an issue. I actually doubt it will happen in the UK simply because I think it will be a big vote loser, and the current govt have enough problems to sort. Even if it did, it would start at a ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 Hi. I鈥檓 not aware of any changes to the tax treatment re dividends, interest etc. My solution ( to be clarified) is simply to draw down large lump sums from my pensions, pay the 5% tax in Cyprus , invest it in shares, bonds etc and ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76Hi - yes the ACRO has to be within 6 months of the residency application. The UK tax situation is horribly complicated, but yes as I read it you need to be non resident for 5 years or you could be liable to pay UK tax on e.g. pensions and ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Note re ties - you don鈥檛 have to own a property to have a tie - simply having access to one may be enough to qualify as a tie. This could even be a family or friends spare room. Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 - you must obtain a clear ACRO certificate in the UK and this must be apostilled. Note form P85 does not need to be completed if you will be submitting a self assessment for the tax year in question. Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Do you have to provide a UK Police clearance certificate when applying for an MEU1 or MEU2 ? AI says you do When applying for an MEU1 (the Registration Certificate for EU Nationals, also known as the "Yellow Slip") in Cyprus, a police clearance ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76Hi - Probably best to discuss with Blevins Frank in Cyprus re the cumulative days situation, but I think you're assumption is correct. From the dates you've provided, you'll still be tax resident in the UK for 25-26, so you'll have to pay ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@Gordon76 Hi - I was told it was 90 days with Temporary and 180 with Permanent. However I'll confirm when I meet my lawyer on Friday and will let you know. Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to 鈧�20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Hi - I'm moving to Cyprus later this week. The Cyprus tax year runs 1 Jan to 31 Dec. If you arrive in Apr 26, you apply for tax residency 6 months after this - so Oct 26. Once approved, your tax residency is then backdated to the start of the tax ... Read More
Hoping to retire to Cyprus in 2028 by andrewpro
Hey everyone. My wife and I are hoping to retire to Cyprus in 2028 (I鈥檒l be 51, she will be 59). Permanent residency, pink slips etc all seem quite complex and inconsistently applied, which makes planning much more challenging!We are hoping to ...
@andrewpro Hi - it鈥檚 true you have to deposit 24k in euros into a Cypriot bank account. However my lawyer tells me it only has to be that account until you have received your pink slip. To my knowledge there is no requirement to prove you are ... Read More
Hoping to retire to Cyprus in 2028 by andrewpro
Hey everyone. My wife and I are hoping to retire to Cyprus in 2028 (I鈥檒l be 51, she will be 59). Permanent residency, pink slips etc all seem quite complex and inconsistently applied, which makes planning much more challenging!We are hoping to ...
@andrewpro Hi. I鈥檓 moving to Cyprus in May, so just going through the process. Here鈥檚 my experience so far.A local lawyer can advise on the temporary residency process - note it鈥檚 worth shopping around as prices can vary ... Read More
Duty on alcohol bottles by susangoldsworthy5
Morning allOn the final stages of moving. Flights booked for 5th May 馃榿.We have appreciated all the help this forum has provided and I have one final, I hope, question.Hubby wants to bring his whiskey collection with, single malts, now ...
@susangoldsworthy5 Hi - I鈥檓 also relocating in May and have the same issue. I鈥檓 told you have to pay 9.5% duty and 19% VAT on the value of the bottle. So for a bottle worth 100 euros you would have to pay 28.50. There鈥檚 also the ... Read More