Living in Retirement in Cyprus

#22
I note that if you become a permanent resident in Cyprus you have to pay tax on all income, worldwide. Obviously the UK State Pension would be classed as income as it is in the UK as would bank interest, but is a War Pension and/or AFCS GIP taxable in Cyprus despite it not being so in the UK? Also, are service invaliding pensions taxable in Cyprus?
Not sure if this will shed any light

Cyprus: tax treaties

double dutch to me
 

Gout Man

LE
Book Reviewer
#28
It's flushing toilet paper down the toilet that creates drought conditions........

In the UK, we process water which is potable, for the toilets........ total waste of energy and resources.

How much do you actually need ?

A couple of pan fulls for cooking and drinking......... forget the huge amounts needed to flush UK style toilets with paper.

Wash your arse with a jugfull, of semi processed water.........
For once we don't need or want photo's.
 
#29
I thought personal pensions where taxed at 5%.
Any update on the property situation?

Currently can’t decide between Spain.. high tax, wealth tax and low property value. Or cyprus, low tax and what seems like high property value
 
#33
I like Cyprus very much, but consider the purchase of property there a step too far.

I prefer the 'swallows' concept (ooh err missus) of retirement summers in UK and flitting to warmer climes for the winter, returning in the spring time.

The idea of grabbing wallet, passport and a bag and high tailing it out if things go Pete Tong is quite appealing.
 
#34
The current position is that you can choose to be taxed in UK or Cyprus - and you only get taxed once due to the double taxation agreement. The Pathfinder at link contains an article about living abroad generally.

Pathfinder International magazine
I thought that ended in April when the new agreement came into place?

Also, if all the income you have, less your mil pension, is taxed in Cyprus rather than the UK then surely by using the unused part of your partners* tax allowance you'd not be paying any tax in the UK or not very much?



* Assuming you have a partner and that partner isn't out earning you or their tax allowance.
 
#35
Great climate and scoff but crap economy with the euro. Like Dans approach of ducking in and out but would be concerned about post Brexit shenanigans with the pound and euro. Their healthcare isn't all it's cracked up to be unless you marry a Russian with connections - of which there are many in Larnaca!
 

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