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Financial & Legal DISCUSSIONS IN Nicosia

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Posted by Cliveann
Created: 2 months ago - Last reply: 1 month ago

The new Double Taxation Agreement (not yet ratified) has been agreed between Cyprus and UK. One of the agreements will impact revolves Expats receiving civil service and military pensions from the UK. From next year pensions will be taxed at source in UK! My question is this - will Expats residing in Cyprus, and who receive these pensions, be able to: Offset any UK tax paid against tax due in against Cypriot tax ...

Replies: 4

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Posted by John Costello
Created: 3 months ago - Last reply: 3 months ago

I am currently in UK but was seriously thinking of buying a 2 bed apartment in Cyprus in 2018 or 2019. However I have heard rumours of a 15% tax on the sale of all property.    Is there any truth to this ?  And if so when does it / did it come in ? Currently I would pay about 3% tax in purchasing a €100,000 euro apartment.   If 15% is imposed it will kill any chances of buying - unless I carry on working and saving f...

Replies: 9

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Posted by Wally-Oppenheim-908160
Created: 3 months ago - Last reply: 2 months ago

I understand that the government wants everyone to pay their Income Tax online. Very commendable. But I have encountered 2 problems when trying to set up my account with them. (1) they ask for a 12 digit Reference number. But none of my tax returns or receipts has 12 numbers. (2) they ask if I am employed or self-employed- but I am neither, being retired and paying the special 5% rate. Any suggestions how to get roun...

Replies: 2

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Posted by Kalyta
Created: 4 months ago

Anyone know how you can trace progress of probate in Cyprus. ...

Replies: 0

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Posted by PPREMA
Created: 4 months ago

hello, I have a mortgage with Alpha bank. in the past i tried to have a discount in the repayment. Now i have just heard from another property owner who has similar mortgage in same apartment block and same bank, that he got a discount of 30% on the mortgage and is will repay it before end of month. He did not explain his strategy to get it, just said it has been a long process. So i will request the same from the ba...

Replies: 0

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Posted by nealh
Created: 4 months ago

We are looking for recommendations for an architect in Larnaca. We need plans drawn up that reflect the current outline of the property as it has changed from the original back in 1980. We then need a new application for building permits in order to get a Final Certificate of Approval so that we can add the house to the title deeds. We are against a timetable so are looking for someone who will actively follow up ou...

Replies: 0

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Posted by bennyg
Created: 5 months ago - Last reply: 4 months ago

Hi,   There are 32 apartments on our complex. 1.Does the Management Committee require a majority of 51% or 75% to proceed with    or implement  any changes or improvement works which are proposed at the AGM? 2.Do we need to register our Management Association with the Land Registry, as     separate title deeds will be issued to each apartment owner? 3.Should our lawyer have created Regulations for the Management Comm...

Replies: 2

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Posted by Minimilk
Created: 5 months ago

Is there anywhere I can download the forms for self employment in English? Tia ...

Replies: 0

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Posted by Leishia-Hines-919314
Created: 5 months ago - Last reply: 5 months ago

Bank of Cyprus advised me today that they charge 0.4% for receiving money from a sterling account in a UK bank and putting it in my sterling account with them. This seems extortionate, does anyone know of a bank or method where the charges would be more reasonable? Thank-you ...

Replies: 3

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Posted by jamsg-662390
Created: 6 months ago - Last reply: 6 months ago

I have been advised by a Cypriot resident that there will be a tax of 15% on property sales from next year, Can anyone confirm this?  ...

Replies: 3